US hails new IPR policy |
The US Chamber of Commerce has welcomed India’s new IPR policy, saying it hopes the move is a “precursor” to the “concrete, structural” changes necessary for implementation of a strong innovation model. Patrick Kilbride, Executive Director of International Intellectual Property of the US Chamber of Commerce’s Global Intellectual Property Center (GIPC) , appreciated the government’s understanding that India’s innovative economy requires effective IP protection and hopes this commitment will lead to decisive legal reforms. The policy, with a tagline of ‘Creative India: Innovative India’, called for updating various intellectual property laws to remove anomalies and inconsistencies in consultation with stakeholders.India must provide enhanced certainty for the rights of innovators in line with international best practices.Regardless, IPR will continue to be a central issue for any discussions between India and the international business community, Kilbride added.
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