India, Russia entered into 2nd stage of talks for fighter aircraft
The Dollar Business Bureau India and Russia have moved to the second stage of discussions to sign a contract for the joint development of the Fifth-Generation Fighter Aircraft (FGFA) and both the sides will ink a contract very soon, said a top Russian official. Russian state corporation Rostec’s CEO Sergei Chemezov said that all the decisions for jointly developing the FGFA will be finished in the ‘nearest future’. In 2007, India and Russia had signed an inter-governmental agreement for the multi billion dollar FGFA project. “As for the 5th generation (fighter aircraft) - the work is underway. Stage one is over. Now we are discussing the second stage. And I think that in the nearest future, all decisions will be made and the contract ...
Sitharaman and Michael Froman deliberate visa issues and totalisation agreement
The Dollar Business Bureau India and the United States deliberated issues pertaining to visa, movement of professionals and totalisation agreement during the 10th India- US Trade Policy Forum (TPF) meeting involving the Commerce and Industry Minister Nirmala Sitharaman and US Trade Representative Michael Froman. It was noted that it is important for the two countries to facilitate movement of professionals, experts, and scientific personnel to foster trade and enhance bilateral ties. This can be done only with the early conclusion of the totalisation agreement or social security pact which paves way for the exchange of Indian IT professionals. The other areas that the two leaders divulged upon included the need of a good (Intellectual Property Rights) IPR regime which is required for spurring ...
IPR policy gives clarity to US, others: Sitharaman
The Dollar Business Bureau The newly introduced Intellectual Property Rights (IPRs) policy would offer clarity on the rules and regulations sought by the US and other countries. Commerce and Industry Minister Nirmala Sitharaman said that several countries have been seeking a clear IPR regime in India. India has resisted pressure from these countries to dilute contentious provisions in the Patents Act 1970. Now this IPR policy gives clarity sought by them. This will reflect well on the country as Prime Minister Narendra Modi is going to visit Washington on June 7, Sitharaman said on Monday. She said that the new IPR policy is focussed on creating a robust IPR eco-system. While releasing the Special 301 report on IPR, the US retained India on ...
India wary of EU seizing Indian drugs
The Dollar Business Bureau As the new European Union trademark law has been passed without considering any of the suggestions India has made, now the country is weighing its options in case the EU seizes its pharmaceutical exports to the third world countries. According to a source from Commerce Ministry, the country will not hesitate to knock the doors of World Trade Organization. It is pursuing the issue bilaterally as it does not want any uncertainty. He also said that the EU is ready to discuss the matter with India to have a broader dialogue on Intellectual Property Rights. As per the stringent enforcement provisions of new trademark legislation, customs officials can seize international consignments destined to third countries if they have brand ...
Govt to launch Intellectual Property Rights policy within two months
The Dollar Business Bureau In a move to address foreign investors’ concern and attract funding for innovation, the government on Monday said that it will come up with a completely new Intellectual Property Rights (IPR) policy within the next couple of months. “We have constituted a taskforce to work on the IPR regimes. They have given their recommendations. India, in the next two months, will be coming up with a completely new and one of the finest IPR policies in the world,” Department of Industrial Policy & Promotion (DIPP) Secretary Amitabh Kant said at the “Indo-German Business Roundtable” conference on Monday. His comment came after German business delegation highlighted some of their major concerns, including India’s complex customs clearance process, unavailability ...
New IPR policy to protect Indian innovation, says Commerce Minister
The Dollar Business Bureau The government is in the process of bringing in a new IPR (Intellectual Property Rights) policy to ensure that Indian patents are protected, said Commerce Minister Nirmala Sitharaman. The government has set up a panel to formulate a new IPR policy in order to encourage innovation and entrepreneurship in the country. The minister said that the proposed policy will make sure that the process of registering patent is easy and affordable even for small and medium enterprises. “Patent cannot be so expensive to register. Patent cannot be so beyond small and medium industries. You shall have it within the affordable category. We shall ensure that the rights are protected. And the new IPR policy which is yet to ...
India, US to hold key commercial talks next month
Source: PTI India and the US will hold first-ever high-level strategic and commercial dialogue next month in Washington focusing on areas such as ease of doing business and smart cities with an aim to boost investment and raise bilateral trade five-fold to $500 billion annually. “The Strategic and Commercial Dialogue (S&CD) will be held in Washington DC in 6-7 weeks,” US Under Secretary of commerce for international trade Stefan M Selig told reporters in New Delhi. He is in town to meet Commerce Secretary Rita Teaotia for the preparatory talks. Selig said these dialogues will revolve around four areas -- ease of doing business; innovation and entrepreneurship; smart cities with a specific focus on renewable energy, and harmonisation of standards to increase ...
Government soon to bring national policy on intellectual property rights
The Dollar Business Bureau To encourage innovation and entrepreneurship in the country, the government is in the process to bring in a national policy on intellectual property rights competent with the international trade norms. Commerce and Industry Minister Nirmala Sitharaman on Monday said that a government-appointed think tank has already prepared the draft of the policy which has been sent to various ministries for consultation. After collecting feedback from all departments, the proposed policy will be sent to the cabinet. “After adopting a transparent process of drafting this policy, it is now being with the government for a month or two. It has gone to all the ministries, which is a necessary process, for inter-ministerial consultation. We shall take inputs from various ...
