SME Times News Bureau | 17 Oct, 2019
IPR Committee Chairman
Narendra Sabharwal on Wednesday stressed on the importance of the India-US dialogue
in ironing out bilateral issues on intellectual property (IP).
Speaking at the second edition of 'IP Dialogue: Opportunities
for US-India Collaboration', organized by FICCI, jointly with the US Chamber of
Commerce, Sabharwal said, "The India-US dialogue, which was
initiated last year, has proved very useful in understanding bilateral issues
on intellectual property and indicating the resolve on both sides to identify,
deliberate and find pragmatic solutions."
Sabharwal added, "FICCI is committed to exploring areas of
cooperation and partnership for establishing a favorable innovation and IP
ecosystem in India. India and the US can have fruitful cooperation in this area
with the overall objective of giving a boost to our dynamic trade and economic
The discussions, with the participation of representatives from
governments, business and industry, academia and other IP stakeholders,
provided an opportunity to discuss bilateral issues and challenges in the field
of intellectual property.
India has a robust and balanced IP system that takes into account
national development priorities and concerns while conforming to international
commitments. The National IPR Policy 2016 lays down a comprehensive roadmap for
the overall future development of India's IP system.
Focused and periodical bilateral interactions, like the India-US
IP dialogue, provide an occasion for constructive engagement on a range of IP
issues of interest to India and the US. This would further strengthen the
economic partnership between the two countries.
A strong and effective intellectual property regime fuels a
nation's economic growth by encouraging innovative industries and attracting
investment, and helps it to stay globally competitive.
India and the US - two leading world economies - becoming strong allies and
strategic partners, it is in the interest of both countries to continuously
engage on bilateral IP issues.