Protect interest of intellectual property inventors: CSIR

Council of Scientific and Industrial Research (CSIR) Director General Samir K Brahmachari today said the interest of the intellectual property inventors should be protected and not that of investors.

"The interest of the inventor should be awarded and not the interest of the investor," he said at a CII function here.

Intellectual Property Rights (IPR) should lead to creation of wealth for the larger sections of the society and not just for a handful of people, Brahmachari said, who is also the Secretary in the Department of Scientific and Industrial Research (Ministry of Science & Technology).

Emphasising on the need to encourage more IPR filings, he said, India has a huge potential for growth so there is a need for more and more filings.

On the occasion, industry chamber CII has launched an Indian Intellectual Property Owners Forum aimed at the growth of IPR and making the country at par with developed economies like the US and Japan.

P H Kurian, Controller General of Patents, Designs and Trademarks stressed on the benefits of intellectual property, especially for the corporates as this could lead to huge increase in their profits.