SME Times News Bureau | 31 Oct, 2018
Industry body FICCI and the U.S. Chamber of Commerce on Tuesday jointly launched the first-ever India-US dialogue on intellectual properties.
Speaking on the occasion, Narendra Sabharwal, Chair, FICCI IPR Committee and Former Deputy Director General, WIPO said on Tuesday that India-US dialogue on IP-led innovation was positive and fruitful and indicated
the resolve on both sides to identify and deliberate on IP related
issues and sort out any differences through engagement and discussion.
Sabharwal added that
"FICCI is committed to explore new areas of cooperation and partnership
for establishing a favourable innovation and IP ecosystem in India, and
addressing IP concerns of the business community on both sides which
will give a boost to our dynamic trade and economic relations".
A strong and effective
IP system is an essential policy tool for any country to accelerate
national development and to stay globally competitive. U.S. and India
are the two leading world economies and strategic partners and it is in
their mutual interest to continue to engage and cooperate on IP issues
of bilateral interest.
The discussions, which had the participation of representatives from both Governments, industry, academia and other IP stakeholders, provided an excellent opportunity to deliberate on various bilateral issues and challenges in the area of intellectual property.
The event was followed by a workshop on 31st October
2018 where experts from the U.S. Patent and Trademark Office and
Industry exchanged their experiences and best practices in patent filing
with the Indian Patent Office on the areas like artificial intelligence
has a robust and balanced IP System which takes into account national
development priorities and concerns while conforming to international
The National IP Policy announced in 2016 lays down an
elaborate and comprehensive road map for overall future development of
IP system in India.
Convening such bilateral dialogues periodically will
provide an opportunity for constructive engagement on a range of IP
issues of interest to India and the US and help further strengthen Indo-US partnership, said FICCI.