"The National IPR Policy is a good first step. Now, we look to the Government of India to follow through on goals such as educating entrepreneurs about IP rights, streamlining IP registration processes, and facilitating IP licensing arrangements," Patrick Kilbride, executive director of International Intellectual Property of the US Chamber of Commerce's Global Intellectual Property Center (GIPC), told PTI.
"India will be unable to take full advantage of the transformative benefits of a strong IP system unless and until it addresses gaps inits IP laws and regulations," he said, underlining that to him it seems that "influential stakeholders" are content with India's IP laws as they stand currently.
"This political resistance is what government officials must overcome to continue investing in IP and fulfil India's latent potential for innovative growth and high-value job creation," said the representative of the American industry on IP policies.
Noting that the American industry welcomes Prime Minister Narendra Modi's interest in improving the business climate in India, he said the US industry thinks that one of the best ways the Indian government can make substantial progress is to build upon the initial IPR policy with further reforms to IP laws and regulations.
"We do not see the IPR policy as a finished product," Kilbride said in response to a question.
In its current form, it does not fully addresses structural concerns regardingpatent eligibility, including for computer-related inventions (CRI) and new forms and uses of bio-pharmaceutical products (Section 3(d) of the Patent Act); regulatory data protection; modernization of copyright laws, and appropriate civil and criminal remedies for IP infringement to provide a deterrent-level of enforcement.
"To paraphrase an influential US Federal Circuit judge, the economics of innovation requires that IP rights provide a reliable basis for investment - this is the lens through which we hope the Indian government will examine its IP policy," he said.
During communication with the Indian government officials, Kilbride said, the US industry continues to advocate broad patent eligibility reforms.
"We welcome the Indian government's action on these items," he said, adding that GIPC will continue to demonstrate the value of IPfor India.
"In discussions, we often hear others' point to TRIPS as though that is the goal," he noted, referring to his discussions with the Indian officials.
"And though we believe that in certain respects India falls short of the minimum IP standards set forth in TRIPS, that is really not the point," he observed.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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