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India has the potential to be one of the world’s leading markets for intellectual property (IP) industries. After weathering the global economic slowdown, India has emerged as the fastest growing global economy. With a new National IPR Policy and a new slogan–“Creative India: Innovative India”–India is positioning itself to be a pro-IP, knowledge-driven economy capable of competing with developed and developing countries in an array of industries.
The many public statements by Prime Minister Modi and other senior government officials are encouraging. However, he policies and decisions against the protection of IP rights in India over the past year are inconsistent with India’s public rhetoric, calling into question the country’s commitment to promoting innovation and continuing its path toward creating a knowledge-based economy.
It will be incumbent upon the government to give effect to the full spirit and scope of the National IPR Policy, which recommends a host of measures including the periodic review and changes to the existing IPR legal and regulatory framework and creating a credible IPR enforcement system.
The Global Innovation Policy Center (GIPC) leads a broad-based IP industry coalition that seeks to strengthen the protection and enforcement of IP in India. The GIPC works with both the Government of India and United States Government to foster relationships, open dialogue and provide the necessary tools and education to promote IP rights in India.
Global Innovation Policy Center (GIPC) @globalIPcenter 3h
By any objective metric, the Bayh-Dole Act of 1980 has been an unqualified success in growing the U.S. economy and making lives better around the world. Read more: https://t.co/U9DF5g2fZv