India ranks 42 among 55 nations on International IP Index
26 Feb 23 2 min read
India undertakes generous research and development (R&D), offers IP-based tax incentives, makes strong efforts to make masses aware regarding the negative impact of piracy and counterfeiting, and is a global leader on targeted administrative incentives for the creation and use of IP assets for SMEs, it said.
“As India's size and economic influence grows on the world stage, India is ripe to become a leader for emerging markets seeking to transform their economy through IP-driven innovation,” said Patrick Kilbride, senior vice president of the US Chamber of Commerce Global Innovation Policy Centre, which publishes the annual report.
“India has taken steps to improve enforcement against copyright-infringing content and provides a best-in-class framework to promote better understanding and utilisation of IP assets. However, addressing long-standing gaps in its IP framework will be critical to India's ability to create a new model for the region and India's continued economic growth,” Kilbride said.
- Bangladesh textiles minister urges India to lift ADD on jute products
- Australia’s baby wear imports drop significantly in Jan-Feb 2024
- INDA & AFS partner for FiltXPO 2025 conference in US
- Germany's DITF & ARIS develop 3D textile for greywater treatment
- IACMI collaboration facility in US gets Michelman fibre sizing line
The 2021 dissolution of the Intellectual Property Appellate Board, combined with the long-standing issue of an under-resourced and overstretched judiciary raises serious concerns about rights holders' ability to enforce their IP rights in India and to resolve IP-related disputes, the report noted.
Fibre2Fashion News Desk (DS)
Popular News
|
European fashion giants post diverse regional performance in Q1 FY24 |
|
USDA predicts surge in global cotton supply for 2024-25 season |
|
China dominates as India's top yarn, fabric & home textiles supplier |
|
Rising imports from China: A growing concern for Indian industries |
|
US garment prices surge in March to highest in over a year: Cotton Inc |
|
ICE cotton faces heavy selling; prices drop despite positive factors |