We have issued notices to some 600 so far to share their benefits with the board under ABS section of the Act. However since the companies never shared their benefits earlier, so they are not forthcoming in doing so now. The giants come up with seasoned high court and Supreme Court lawyers who argue for minimising the cost under ABS. However, being law-abiding citizens of the country , we will share our due under ABS with the State Biodiversity Board. We are still to arrive at a final decision on the matter."

Source: Economic Times September 08, 2016 05:42 UTC