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LATEST NEWS UPDATES | NRIs filed 78% of the patent pleas in India -Sushmi Dey

NRIs filed 78% of the patent pleas in India -Sushmi Dey

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published Published on Nov 8, 2014   modified Modified on Nov 8, 2014
-The Times of India

NEW DELHI: India registered the third highest rate for patent filings by non-residents at 78% of the total applications, ahead of China at 18%, Japan at 16% and the US at 50%, the latest data from the Indian patent office showed. Canada and Brazil topped the list with 86.6% and 84%, respectively.

Officials opine this is an indicator of lack of awareness amongst the domestic industry as well as individuals about benefits from intellectual property and how to enforce the same for wealth creation. "Intellectual property rights (IPRs) are now not only being used as a tool to protect creativity and generate revenue but also to build strategic alliances for socio-economic and technological growth," the controller general of patents, designs & trade marks Chaitanya Prasad said.

During 2012, non-residents filed 78.3% of the total 43,995 patent applications filed in India, whereas in China, which otherwise received the largest number of patent applications at 652,777, the filings by non-residents stood merely at 18 per cent.

Data also shows that patent filings in India have significantly increased over past few years. This is despite rise in litigations and stringent patent norms implemented in the country, mainly for medicines. A total of 35,218 patent applications were filed in 2007-08, whereas 42,953 were filled in 2013-14.

Experts say pharmaceutical and information technology companies in India need to be conscious of intellectual property. "The domestic industry is going to be affected in the next 15-20 years due to patent related issues. Therefore, the companies, especially those operating in information & technology and pharmaceuticals need to be aware," says a leading patent and trademark attorney.

According to Prasad, protection of patent rights not only promotes innovation but also brings in more funding for research and help in developing new markets.

According to Narendra Sabharwal, former deputy director general, World Intellectual Property Organisation (WIPO) & chairman, Ficci IPR committee, knowledge has become a more important factor of production than conventional methods. This is evidenced by the fact that knowledge-based industries contribute 30 per cent of global GDP, Sabharwal said.

Meanwhile, commerce ministry is also working to formulate a new policy on intellectual property rights. Even as the US trade representative (USTR) is launching a review of India's IPR regime, an inter-ministerial group has been formed on patents to finalize the broad contours of the proposed policy.


The Times of India, 7 November, 2014, http://timesofindia.indiatimes.com/india/NRIs-filed-78-of-the-patent-pleas-in-India/articleshow/45075421.cms


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