New Delhi is extending one-million US Dollar fund for participation of ministerial level representatives from the least developed countries in the High Level Segment of Convention of Parties to Nagoya Protocol to be held in October in Hyderabad.

The announcement came at the second meeting of the Intergovernmental Committee for Nagoya Protocol, ICNP-2, on Access and Benefit Sharing which concluded in New Delhi on Friday. India expressed satisfaction on the good progress made on several issues during the course of the ICNP-2.

It felt that the conference moved efficiently and made substantial advancement. More than 500 delegates from 193 countries participated in the week-long consultations as part of efforts to push for early implementation of the Nagoya Protocol aimed at ensuring that benefits of natural resources and their derivatives are shared with local communities.