Because of the Convention on Biological Diversity, it has become a standard practice for collectors to pay a fee for access to biodiversity and to enter into contractual agreements with source countries.
BIB is a leading company in bio-resource exploration, with a solid foundation in exploring, discovering and developing new beneficial compounds through collaborative research and development in India.
BIB is a pioneer in entering into an agreement with the National Biodiversity Authority for accessing biological resources in accordance with policies that ensure diversity, sustainability and equity in resource use and sharing. We have received acclaimed rewards from the Andhra Pradesh State Biodiversity Board for services towards Access & Benefit Sharing.
BIB acts as a Bioprospecting consultancy to assist any country or a company or an individual in the following services as per the Biological Diversity Act, 2002: