SME Times News Bureau | 09 Dec, 2020
The
global economy is now increasingly innovation-driven - powered by
knowledge, creativity, and technology, each of which is supported by
intellectual property (IP) and protection of IP rights. With India and
the United States, two leading world economies becoming global strategic
partners, it is in the interest of both countries to continuously
engage in bilateral IP issues for mutual interest.
Addressing the '3rd edition of India-US IP Dialogue: Opportunities for US - India Collaboration', organized by FICCI, jointly with US Chamber of Commerce, Narendra Sabharwal, Chair, FICCI IPR Committee yesterday said,
"The India-US IP dialogue has proved to be extremely fruitful in
deliberating bilateral and global issues on intellectual property, while
reaffirming the resolve on both sides to identify and explore pragmatic
solutions to challenges and concerns. Innovations supported by IP is a
key to mitigating the COVID-19 challenge by way of strengthening
healthcare systems, fostering science and technology development, and
managing accessibility and affordability of healthcare.
"The
need is to re-ignite the engine of economic recovery and growth in both
the counties through IP-led innovation. The dialogue enabled both sides
to discuss several important areas in an open and transparent manner. FICCI
is committed to explore areas of cooperation & partnership to
establish a favourable innovation and IP ecosystem in India and
addressing IP concerns of the business community on both sides in order
to boost our dynamic trade and economic relations," added Sabharwal.
The
discussions brought together experts and thought leaders from both the
countries, including officials from the Department for Promotion of
Industry & Internal Trade, U.S. Department of State, U.S. Patent
& Trademark Office and Office of the U.S. Trade Representative,
stakeholders from industry, academia and the legal fraternity to
deliberate upon the bilateral IP issues of mutual interest. The
deliberations were on a range of topics like the significance of
innovation and public-private partnership in confronting the ongoing
pandemic, dealing with trademark and copyright enforcement issues, IP
licensing & commercialisation and the growing relevance of trade
secrets in the digital age.
India
has a robust and balanced IP system which keeps in view national
development priorities and concerns while conforming to international
commitments. The National IPR Policy 2016 lays down a comprehensive road
map for the overall future development of India's IP system. Focussed
bilateral interactions periodically, like the India-US IP Dialogue,
provides the much-needed occasion for constructive engagement on a range
of IP issues of interest to India and the US, helping further
strengthening of Indo-US economic partnership.
