The government today approved modification in the Trade Marks (Amendment) Bill to ensure better protection for Indian trademarks abroad.
The amended Bill will provide better protection to Indian trade marks in designated member countries and afford reciprocal protection to trade marks from member countries abroad. It will thus encourage transfer of technology through trade mark licensing and franchising and generally promote overall business confidence in Indian IPR System globally.
The modification in the Trade Marks (Amendment) Bill, 2007 is based on the recommendations made by the Parliamentary Standing Committee on Commerce.