The below article is an indicator that there is bound to be growth in IP in India. what we have done till now is nothing compared to what is in store for us!! Read on-
BANGALORE: The United States on Wednesday May 17, 2006 urged India to join hands with it for Intellectual Property Rights protection.
"A thriving, diversified economy must protect its IPR. India and US which are partners in growth must be partners in IPR protection too," Christian Israel, US Coordinator for International IPR said while addressing the members of Bangalore Chamber of Industry and Commerce (BCIC) here.
"Intellectual property is a huge economic driver for the US. While US government spends nearly USD 135 billion on R & D activities related to healthcare, energy and security related fields, private sector invests USD 200 billion," Israel said.
Israel, who during his three-day visit met trade representatives and government officials in New Delhi said, "We are talking to different people on how India can be a partner in innovation, growth and in IP protection". "We are also inviting best possible patents from India. We learnt that India has prepared a traditional database comprising 157,000 items. We are in the process of forming a working group to address concerns regarding post patent", he said.
About apprehensions on awarding patents for traditional Indian products like Basmati rice and turmeric, Dominic Keating, US Attorney of Trademarks office based in New Delhi said, "a second patent has been sought in US for such products and it relates to conducting research and development of base products".
A lot of work can be done in the development of traditional products and IPR protection will help Indian industry as well, he said.
Source - Economics Times Online Edition PTI WEDNESDAY, MAY 17, 2006 08:20:41 PM
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