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 ...
Govt to use TRIPS to protect domestic pharma
The Dollar Business Bureau The government on Monday reiterated its commitment to protect the domestic pharmaceutical sector from all IPR-related foreign pressures by employing flexibilities extended under the Trade-Related details of Intellectual Property Rights (TRIPS) framework. “In this regard, it is also to be mentioned that FDI is permitted in the brownfield pharma sector through government approval route only,” Commerce Minister Nirmala Sitharaman said in a written reply in Lok Sabha on Monday. Sitharaman also signaled that the US Special 301 report has placed India on the Priority Watch List, as the US considers India’s IPR protection relatively inadequate. The Commerce Minister indicated that the report is a unilateral measure to influence countries to enhance their IPR protection regime beyond the TRIPS agreement. She, however, ...
USTRs Out of Cycle Review of IPR issues in India to end in two weeks
@TheDollarBiz Every third tablet consumed in the World is ‘Made in India’ - Indian Drugs Manufacturers' Association (IDMA) As planned earlier this year, the US Trade Representative (USTR) has started an Out-of-Cycle Review (OCR) of India for its 301 paper (Section 301 of the US Trade Act of 1974) which has India on a “Priority Watch List” on issues concerning protection of US Intellectual Property Rights (IPR) in India. The first 301 report, then called a “Fact Sheet,” was published in 1989 and had eight countries on the "Priority Watch List" and 17 on the "Watch List". Since then, countries such as Italy, South Korea and the Philippines have been removed from the lists, but India remains stuck, mainly due ...
