In a keynote address hosted by Confederation of Indian Industry (CII) in partnership with Texas A&M University School of Law, Consul General Harish Parvathaneni gave an overview of the Indian economy, recent changes affecting the legal and business ecosystem and flagship schemes of the government for business and investors.
The Intellectual Property Rights regime is an integral part of the flagship projects of the Government of India such as Make in India and Digital India, encouraging foreign companies to invest and establish their manufacturing, R&D and outsourcing bases in India, he said.
Stressing on India's compliance with World Trade Organisation (WTO) agreement on Trade Related Aspects of Intellectual Property (TRIPS) and World Intellectual Property Organisation (WIPO), the Consul General highlighted India's strong engagement with the US and partner countries on IPR.
He said that the Draft National IPR Policy has been released and discussions have taken place with all stakeholders regarding Government of India's pro-active role in leveraging the strengths of the IPR regime for effective development and transfer of technology, promoting creative industries, stimulating innovations and empowering local communities in securing benefits from their knowledge base.
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Sharma provided an insight into Wipro's operations in the US as well as extensive community outreach done by the Azim Premji Foundation especially in the education sector.
Iyer gave a presentation of Mahindra North America's ethics, operations and corporate social responsibility activities in the US.
He also highlighted that India is the 8th largest source of FDI into the United States and Texasbeing the number one receiver of Indian FDI.