Don’t miss the latest developments in business and finance.

No proposal to change patent law

Image
Press Trust of India New Delhi
Last Updated : Feb 25 2015 | 3:50 PM IST
India today ruled out amendment to the patent law, asserting that there are no gaps in protection of Intellectual Property Rights (IPR).
"There is no proposal to amend patent law... There is no proposal to anything to do with Indian Patent Act," Commerce and Industry Minister Nirmala Sitharaman said while replying to questions in the Rajya Sabha.
Responding to questions from members, she said the government is under "no pressure" on the IPR front from any quarter and Indian laws meet international norms.
On protection of Indian traditional knowledge, the Minister said the government is seized of the matter and all aspects are being taken care of.
She replied in negative to a question if the government has recently lost some IPR cases against USA.
Congress leader and former Commerce Minister Anand Sharma said the US has a strong lobby putting pressure on India to go beyond TRIPS in the pharmaceutical sector. He wanted to know if discussions were taking place on TRIPS plus issues.

More From This Section

To this, Sitharaman said no new joint task force has been set up with the US to deal with IPR issues.
She said under the India-US Trade Policy Forum, the government was continuing the mechanism put in place in 2010. There are five committees, including one on IPR.
The Minister said a think tank has been set-up to come out with a broad policy on IPR.
The think tank has already submitted its first draft report on which the Department of Industrial Policy and Promotion (DIPP) has sought public comments.

Also Read

First Published: Feb 25 2015 | 3:50 PM IST

Next Story