India-US dialogue key to pragmatic solutions on intellectual property issues - FICCI IPR Committee Chair
Oct 17, 2019
Engagement on IP issues to reinforce Indo-American partnership
NEW DELHI, 17 October 2019: Mr Narendra Sabharwal, Chair, FICCI IPR Committee, yesterday stressed on the importance of the India-US dialogue in ironing out bilateral issues on intellectual property (IP).
Speaking at the second edition of 'IP Dialogue: Opportunities for US-India Collaboration', organized by FICCI, jointly with the US Chamber of Commerce, Mr Sabharwal said, "The India-US dialogue, which was initiated last year, has proved very useful in understanding bilateral issues on intellectual property and indicating the resolve on both sides to identify, deliberate and find pragmatic solutions. The dialogue today carried forward this process, enabling the two sides to discuss several crucial areas in an open and transparent manner."
Mr Sabharwal added, "FICCI is committed to exploring areas of cooperation and partnership for establishing a favorable innovation and IP ecosystem in India. India and the US can have fruitful cooperation in this area with the overall objective of giving a boost to our dynamic trade and economic relations."
The discussions, with the participation of representatives from governments, business and industry, academia and other IP stakeholders, provided an opportunity to discuss bilateral issues and challenges in the field of intellectual property.
India has a robust and balanced IP system that takes into account national development priorities and concerns while conforming to international commitments. The National IPR Policy 2016 lays down a comprehensive roadmap for the overall future development of India's IP system.
Focused and periodical bilateral interactions, like the India-US IP dialogue, provide an occasion for constructive engagement on a range of IP issues of interest to India and the US. This would further strengthen the economic partnership between the two countries.
A strong and effective intellectual property regime fuels a nation's economic growth by encouraging innovative industries and attracting investment, and helps it to stay globally competitive.
With India and the US - two leading world economies - becoming strong allies and strategic partners, it is in the interest of both countries to continuously engage on bilateral IP issues.