India's IPR Policy to fully protect patents, GIs and copyrights: Nirmala Sitharaman
Updated: Jul 20, 2015 04:31:55pm
New Delhi, July 20 (KNN) Nirmala Sitharaman, Minister of State for Commerce and Industry, today sought to allay apprehensions in the minds of foreign investors about the strength of the Indian IPR regime, stating that final draft of the National IPR Policy has been arrived at through a transparent process with inputs from all stakeholders and has been circulated for inter-ministerial consultation before being posed to the Union Cabinet for approval.
She was speaking here while inaugurating a seminar on ‘Protecting Brands Abroad with the Madrid System’ organized by FICCI, in association with World Intellectual Property Organization (WIPO) and DIPP.
The draft policy, she said, focusses on stronger enforcement of IPR by increasing the manpower strength in IP offices and reducing the pendency of IPR filings. Most of the offices have done away with manual interface as all applications, queries and decisions are made online.
Speaking on the Madrid Protocol on registering and managing Trade Marks worldwide, the Minister said that the system allows an applicant to file one application, in one language and pay one set of fees to protect the Trademark in all WIPO member countries.
For SMEs and start-ups, the Madrid Protocol is a cost-effective and time-saving way of having rights protected worldwide, she said, adding that the system would go a long way in reducing processes and provide ease of doing business.
The Minister presented a certificate of appreciation to Vineet Taneja, CEO of Micromax, on its acquisition of the 1.25th million international trademark under the Madrid System.
Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP) said that the key challenge before the country was to attain growth rates of 9-10 per cent year after year for 30 years. “We need to be a nation of job creators where innovation and creativity will be the key driving forces,” he added.
The thrust of the government is on creating a world-class IPR regime along with bringing down the pendency of IPR filings to global levels, he said and added that there is an imperative need to build Indian brands that can effectively penetrate the global markets.
Sidharth Birla, Immediate Past President, FICCI, said although India is a recent entrant to the Madrid System, both small and large Indian companies are now making the most of the Madrid System, from sectors as diverse as textiles and clothing through to hi-tech product and services.
Rajiv Aggarwal, Joint Secretary, DIPP, said the proposed national IPR Policy strives to bring clarity in existing laws and safeguard the interests of Indian industry.
Naresh Prasad, Assistant Director General and Chief of Staff, Office of the Director General, WIPO, said that the Madrid System provides an excellent opportunity to Indian companies to make the presence felt in the international market. (KNN Bureau)
She was speaking here while inaugurating a seminar on ‘Protecting Brands Abroad with the Madrid System’ organized by FICCI, in association with World Intellectual Property Organization (WIPO) and DIPP.
The draft policy, she said, focusses on stronger enforcement of IPR by increasing the manpower strength in IP offices and reducing the pendency of IPR filings. Most of the offices have done away with manual interface as all applications, queries and decisions are made online.
Speaking on the Madrid Protocol on registering and managing Trade Marks worldwide, the Minister said that the system allows an applicant to file one application, in one language and pay one set of fees to protect the Trademark in all WIPO member countries.
For SMEs and start-ups, the Madrid Protocol is a cost-effective and time-saving way of having rights protected worldwide, she said, adding that the system would go a long way in reducing processes and provide ease of doing business.
The Minister presented a certificate of appreciation to Vineet Taneja, CEO of Micromax, on its acquisition of the 1.25th million international trademark under the Madrid System.
Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP) said that the key challenge before the country was to attain growth rates of 9-10 per cent year after year for 30 years. “We need to be a nation of job creators where innovation and creativity will be the key driving forces,” he added.
The thrust of the government is on creating a world-class IPR regime along with bringing down the pendency of IPR filings to global levels, he said and added that there is an imperative need to build Indian brands that can effectively penetrate the global markets.
Sidharth Birla, Immediate Past President, FICCI, said although India is a recent entrant to the Madrid System, both small and large Indian companies are now making the most of the Madrid System, from sectors as diverse as textiles and clothing through to hi-tech product and services.
Rajiv Aggarwal, Joint Secretary, DIPP, said the proposed national IPR Policy strives to bring clarity in existing laws and safeguard the interests of Indian industry.
Naresh Prasad, Assistant Director General and Chief of Staff, Office of the Director General, WIPO, said that the Madrid System provides an excellent opportunity to Indian companies to make the presence felt in the international market. (KNN Bureau)
Loading...
