India to have intellectual property strategy
Naina Lal Kidwai, senior vice president, FICCI, and Saurabh Chandra, secretary, Department of Industrial Policy and Promotion
Photo: Naval Hans
THE INDIAN government has set up a sectoral council to prepare national intellectual property rights strategy with a view to incentivise innovation, a senior official said on Thursday.
Saurabh Chandra, secretary, department of industrial policy and promotion (DIPP), said the DIPP has set up the council on intellectual property rights with the objective of preparing a national strategy that incentivises innovation and allows diffusion of new technologies leading to efficiency gains for the economy.
He pointed that in the past, countries with the largest GDP have also been those with high GDP per capita, but this is no longer true. “The implication is that companies that wish to sustain themselves in such markets would need to continuously innovate in production processes and in products and services such that quality products are provided at prices lower than ever before,” said Chandra at the conference on National IP Policy, organised by FICCI, DIPP and Intellectual Property India (IPI) on World IP Day
Chandra said that unless there is an effective rights system, there would always be a danger of usurpation of the rights which could hinder the transformation of new ideas and creativity into industrial applications.
Chaitanya Prasad, controller general of patents, Designs and Trade Marks, said that a National IP policy should seek to develop an ‘IP culture’ of creativity, protection and exploitation of IP and should build confidence and assurance in the investors that India has an environment that respects the resources that are our legacy while promoting innovation and creativity.
The policy should ensure that the efforts of creative minds are recognised and secured; strike a balance between the creator in IP and society; promote and encourage technology transfer; take into account the flexibilities in international intellectual property agreements; protect India’s traditional knowledge and enforce IP laws effectively so that the huge losses incurred by industry, especially the film industry, due to piracy and counterfeits could be mitigated. On the occasion, the DIPP secretary gave away awards for the debate competition amongst college and school children organised by FICCI.