India Inc. lacks awareness on IPR: Report
25/11/2014 16:32
According to media reports, a government official noted the industry’s lack of awareness on Intellectual Property Rights (IPR) which is inhibiting India Inc. in exploiting the advantages of registering and protecting trademarks internationally.
Chaitanya Prasad, Controller General of Patents, Designs and Trade Marks, DIPP, Ministry of Commerce and Industry, stressed that despite joining the Madrid System for the International Registration of Marks (Madrid System) since July 2013, Asia’s third biggest economy has failed to capitalise on its benefits.
“After joining the protocol we have had over 11,618 designations of India for foreign countries. As against that, we have received 8,397 applications to India after international registration. As against that, from India we have only 185 applications,” Prasad said.
“People from outside are taking advantage to come to India but the industry in India is not taking that advantage,” he added.
The Madrid System which is governed by two treaties, the Madrid Agreement and the Madrid Protocol, and is administered by the International Bureau of World Intellectual Property Organisation (WIPO) in Geneva, Switzerland, provides trademark (TM) owners a cost effective, user friendly and streamlined way of protecting and managing their trademark portfolio internationally.
“Despite the ease of use and less expenditure, we have only 185 applications (in one year). Out of that, 97 have already had international registrations and they will proceed to national registrations in various countries where they are designated”, he added.
25/11/2014 16:32
According to media reports, a government official noted the industry’s lack of awareness on Intellectual Property Rights (IPR) which is inhibiting India Inc. in exploiting the advantages of registering and protecting trademarks internationally.
Chaitanya Prasad, Controller General of Patents, Designs and Trade Marks, DIPP, Ministry of Commerce and Industry, stressed that despite joining the Madrid System for the International Registration of Marks (Madrid System) since July 2013, Asia’s third biggest economy has failed to capitalise on its benefits.
“After joining the protocol we have had over 11,618 designations of India for foreign countries. As against that, we have received 8,397 applications to India after international registration. As against that, from India we have only 185 applications,” Prasad said.
“People from outside are taking advantage to come to India but the industry in India is not taking that advantage,” he added.
The Madrid System which is governed by two treaties, the Madrid Agreement and the Madrid Protocol, and is administered by the International Bureau of World Intellectual Property Organisation (WIPO) in Geneva, Switzerland, provides trademark (TM) owners a cost effective, user friendly and streamlined way of protecting and managing their trademark portfolio internationally.
“Despite the ease of use and less expenditure, we have only 185 applications (in one year). Out of that, 97 have already had international registrations and they will proceed to national registrations in various countries where they are designated”, he added.
