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India’s IPR policy a good first step, needs to address gaps, says US industry




 India’s national intellectual property regime (IPR) policy announced a year ago is a “good first step”, but the country needs to address the gaps in it to attract more foreign direct investment and global talent, a US industry representative said today. “The National IPR Policy is a good first step. Now, we look to the Government of India to follow through on goals such as educating entrepreneurs about IP rights, streamlining IP registration processes, and facilitating IP licensing arrangements,” Patrick Kilbride, executive director of International Intellectual Property of the US Chamber of Commerce’s Global Intellectual Property Center (GIPC), told a private news agency.

In his interview on the occasion of the first anniversary of rolling out of India’s ambitious IPR policy, Kilbride said these are all critical if Indian innovators and creators are to invest their time, money and passion to bring new ideas to market on a scale to reach all Indians. “India will be unable to take full advantage of the transformative benefits of a strong IP system unless and until it addresses gaps in its IP laws and regulations,” he said, underlining that to him it seems that “influential stakeholders” are content with India’s IP laws as they stand currently. “This political resistance is what government officials must overcome to continue investing in IP and fulfil India’s latent potential for innovative growth and high-value job creation,” said the representative of the American industry on IP policies.






Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

National

* India successfully test-fires supersonic interceptor missile

International

* Support for terrorism to be stopped: India at UN

Business

* Dalmia DSP launches new TV campaign

Entertainment

* Sudhir Mishra's 'Daasdev' set to arrive on February 16

Interview

* “Nalco to invest Rs 35,000 cr in Odisha, good governance key to company’s success”

Leisure

* Tata Steel Bhubaneswar Literary Meet from Jan 11
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