Search Result for : Ipr

The Dollar Business Bureau India’s proposal on Trade Facilitation Agreement (TFA) in Services at the World Trade Organisation (WTO) has got mixed response from the member nations, Commerce and Industry Minister Nirmala Sitharaman has informed the Parliament. India had circulated the proposed draft text on the TFA in Services at WTO in February this year. The draft has been discussed at relevant bodies of the WTO, said Sitharaman said in a written response to the Rajya Sabha. The proposal offers an outline for addressing various barriers to trade in services in a holistic and comprehensive manner, she said. “India’s proposal received a mixed response from the WTO members. Some members appreciated India’s proposal as being comprehensive in scope and well balanced,” the Minister said. “However, various developing and developed ...

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 ...

The Dollar Business Bureau The influential House Appropriations Committee in its report accompanying the annual Appropriations Bill 2018, said that several policies adopted by the Indian government to boost its economic growth, protect domestic manufacturing, actually discriminated against US exports and investments. 'India, while striving to improve its economic growth, has been enacting a series of policies to increase domestic manufacturing and protect domestic industries and agricultural production that discriminate against US exports and investment,' the Committee said. The report was prepared in conjunction with the US Commerce, Justice, Science and Related Agencies Appropriations Subcommittee that has several agencies under its control that combat gangs, drug trafficking, violent crime, terrorism espionage, financial fraud; enforcing trade laws; exploring science, space; managing fisheries etc. The Appropriations ...

The Dollar Business Bureau  The Indian Prime Minister who visited the US and met the American President Donald Trump on June 26, also had a closed-door meeting with 20 top US CEOs the very same day. Many CEOs, according to Mukesh Aghi, President of US India Business Council (USIBC) who spoke to the Indian media, reiterated their ‘commitment to investing in India a very large amount.’ ‘Almost half a dozen of them made a very large dollar commitment,’ Aghi said, refusing to divulge the details of the amount and the names. The meeting which lasted for 90 minutes, ended on a positive, win-win note he said.  The PM had responded favourably to all the questions that the CEOs raised, which revolved around defence, ...

The Dollar Business Bureau  In order to boost the textile and handloom sector, the Cabinet has approved a memorandum of understanding (MoU) with Australia on cooperation in the field of textiles, fashion and clothing. The Union Cabinet chaired by Prime Minister Narendra Modi has approved the MoU on cooperation in the textiles, clothing and fashion sectors between the Ministry of Textiles and the Department of Foreign Affairs and Trade, Australia, an official statement said on Thursday. “The MoU will enable cooperation with regards to matters within the fashion and textiles sectors which may be of mutual benefit and interest to the participants,” it added. The participants will mutually identify some appropriate measures to link the Indian and Australian fashion and textile sectors; promote partnership and international engagement ...

The Dollar Business Bureau To set up Technology and Innovation Support Centres (TISC), the Department of Industrial Policy and Promotion (DIPP) and the World Intellectual Property Organisation (WIPO) have entered into an agreement. For entrepreneurs and innovators in developing nations like India, these TISCs facilitate access to locally based technology knowledge banks and other ancillary services, which help them create, manage and protect their intellectual property rights (IPR). Some of the services offered by TISCs include database search training, access to a repository of patent/non-patent resources and IP-related publications, retrieval of technology information, and provision of basic information on laws, management, and technology commercialisation. Cell for IPR Promotion and Management (CIPAM) is the focal point for the formation of a TISC national network. CIPAM ...

PTI The succulent Banganapalle mango has got a Geographical Indication (GI) tag, making Andhra Pradesh the proprietor of the variety know for its sweetness. The Registrar of Geographical Indications Registry, Chennai, O P Gupta has accorded the registration following an application from Horticulture Commissioner, Andhra Pradesh. The Andhra Pradesh government is the registered proprietor of the GI tag for mangoes, often hailed as "the king of fruits."  A GI tag indicates that the product comes from a specific region. Banganapalle mangoes have been grown for over 100 years in the state. It also known as Beneshan, Baneshan, Benishan, Chappatai and Safeda. Besides, they are also called Banaganapalli, Banginapalli, Banaganapalle. The fruits can retain their quality under cold storage even up to ...

PTI India ranks abysmally at 43 out of 45 countries in a global innovation index, according to a report released by the US Chambers of Commerce which cited the country's "anaemic" Intellectual Property Rights (IPR) policy and patent act as challenges to innovation. In the 5th annual International IP Index 'The Roots of Innovation' by US Chamber of Commerce's Global Intellectual Property Center (GIPC), there is slight improvement in India s performance; it was ranked last or next-to-last in the previous four years. "In India, many of the same challenges to innovation remain," said David Hirschmann, President and CEO of GIPC. India has 8.4 score as against America's 32.6 which tops the list of 45 countries. The ...