The importance of analyzing the issue of Basmati Rice is since India has a bundle of traditional knowledge and rich heritage which if patented by other nations can put restrictions on use of such resources by the indigenous communities. India is a signatory country which complies with the provisions stated in the Trade related aspects of Intellectual Property Rights TRIPs for intellectual property, wherein, most countries have been committed to provide minimum standards of protection to intellectual property. Intellectual properties like plant variety, patents, geographical indications etc. The geographical Indications can be elucidated as particular goods originating from a country, region or a locality due to several special circumstances, quality and reputation of the product.
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A geographical indication is defined as a sign used on an agricultural, natural, or manufactured product handicrafts and industrial goods with a specific geographic origin, which gives it certain qualities, distinctiveness, or a reputation which is essentially attributable to the place of its origin. Examples include Champagne for sparkling wine and Darjeeling tea. The GI tag is a trademark in the international market. Once granted, no one can misuse the name to market a similar product.
Basmati rice is a special kind of long-grain rice which has grown India for thousands of years and can be called a traditional product of the country. Naturally, there are many types of rice in the world, but everybody will agree that the best and the tastiest one is basmati rice. Basmati rice has got its name due to its special fragrance which can not be confused with any other kind of rice. It is obvious that being the most valuable sort of rice, basmati is very popular not only in South Asia but also in Europe and North America among the people who try to carry out healthy way of life.