The Centre is likely to finalise the policy on intellectual property rights (IPR) in the next 3-4 months and will come out with clarification on FDI in the e-commerce space, a senior government official said today.
"We are in the final stages of drafting the national IPR policy. We expect it to be finalised in the next 3-4 months," Amitabh Kant, Secretary, Department of Industrial Policy and Promotion, told reporters here on the sidelines of a CII event.
He said the government has taken inputs for the policy from all departments concerned and stakeholders and would soon forward it to the Cabinet for approval.
The document will take into account the need to scale up the process of IP creation and increase commercialisation of technology, the official said.
Kant further said the Government will soon come out with detailed clarification on all aspects related to foreign direct investment in the e-commerce space.
"We have a policy on business-to-business ecommerce. Now we have framed policy for all aspects of e-commerce. We have consulted with States and given them 15 days to respond," he said.
He said the country's FDI inflow increased by 48 per cent in the last seven months (till April) since the Centre announced its Make-In-India programme in September last year.
Kant said bank and defence sectors have been kept out of the purview of composite foreign investment caps as both are sensitive segments.
He said the Government will wait to see how the new composite cap regime works in other sectors before reviewing them.
Speaking at the event, Kant said that 22 per cent of the patents filed from India are by Indian companies while 78 per cent were filed by multinational companies operating from India.
Sharing instances of innovation by global conglomerates operating in India, he said, "Renault has designed a car for the global market from Chennai and General Motors is now trying to do the same in Talegaon. Dymler in Chennai is making trucks not for Indian markets but for global markets. What the world is realising is that India has ability to do frugal engineering."
Over the last 60 years, "we have made India a difficult place to do business. We have simply created an economy of controls," a CII statement quoted him as saying.
He added that jobs cannot be created in services, as much as they can be through manufacturing.
