Of late, a dynamism has developed through inculcating indigenous cultural practices as an impediment to fast depletion of natural resources and using the law in general and Intellectual Property Rights in particular to protect, promote and provide economic gains to innovations in green technology and knowledge. It is indeed a key development in recent times to access, utilize and leverage traditional knowledge for betterment of current lifestyle and as a preventive mechanism for ecological loss. The patenting of medicine and wellness drugs prepared through extracts of trees, plants, herbs, tubes and roots which have been in use since time immemorial by indigenous and traditional communities for this purpose has given rise to both hope and despair at the same time. The effective use of common property resources by the community and their sustainability has attracted widespread attention of conservationist and social activists across the world while it has made such communities vulnerable to the vagaries market and predatory capitalism. It is in this context; the current paper intends to examine the quality and quantum of traditional knowledge present and practiced among the select indigenous communities of India. The author argues that identification and documentation of such community practices, knowledge and procedures will help the law in giving them necessary protection. The study is based on study of few primitive communities residing in central India and the methodology adopted is fieldwork, analysis of secondary data and interpretation based on personal and professional understanding. The globalization of local knowledge and its concurrent benefits both to individual and society must traverse through the passage of recognition, mutual benefit and assured economic gain especially for the indigenous communities who have continued to carry the burden of this wealth for the humanity. They should not be marginalized and left vulnerable at the altar of market.