The US India Business Council (USIBC) has told the US Trade Representatives (USTR) that it strongly recommends against India being designated a Priority Foreign Country as being advocated by influential pharma lobbying groups.
"USIBC does not believe there is a legal or policy basis to designate India as a Priority Foreign Country," USIBC president Ron Somers said in a submission made to the USTR which is looking into the demands of the lobbying groups.
Specific intervention by the Indian Government has resulted in active cases being sent back for review by various government departments, which demonstrates India's responsiveness to Industry concerns, Somers argued in his seven page letter.
"No Compulsory Licenses were issued in India in 2013. Patent denials in 2013 have not been of Industry focus as in previous years. Only one Patent denial of significant note occurred in 2013, but this was by Court Order of India's Supreme Court, not its Government," it said.
Asserting that India's promise to be a great innovator in pharmaceuticals, green technology, and other research-driven sectors is becoming a reality, Somers said all agree - including the Indian Government - that continued progress requires the creation of an environment that rewards and protects Intellectual Property.
Industry would hope that efforts to advance dialogue between India and the US regarding IPR will gain momentum - particularly with India's incoming new government - and that continued investment by Indian and American companies will follow.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
