Speaking at the Association of Southeast Asian Nations Business and Investment Summit here, Prime Minister Modi declared that India was committed to protecting intellectual property. This reassuring commitment to IPR follows a few weeks after the PM’s visit to London where he spoke of ‘Ease of Doing Business’, ‘liberalization of the FDI regime, ‘Make in India’ and also IPR. He said, “I am personally convinced and want to assure you that India is committed to protect Intellectual Property Rights of all innovators and entrepreneurs. We have taken several initiatives for transparency and online processing in IP administration. A comprehensive National IPR policy is being finalized.”
As part of its ongoing Golden Jubilee celebrations and in line with the theme ‘50 Years: Healthy India, Innovative India’, OPPI recently hosted a dinner to honour a visiting global delegation led by Kenneth C. Frazier – Chairman & CEO, Merck & Co; and Chairman of PhRMA. Mr. Frazier said, “We are encouraged by the steps being taken by the Indian government to create a fertile business environment that will enable innovation to thrive. The success of Prime Minister Modi’s Make in India initiative will be further strengthened by building upon the country’s unique capacity for innovation, which is critical to meeting patients’ increasing health needs and India’s global economic competitiveness.”
Price Water Coopers (PwC) presented their initial findings from a study to assess the innovation landscape of the Indian pharmaceutical industry. They highlighted the need for India to strengthen the four pillars of innovation: Infrastructure: Financing; Human Resources; Legal, IPR & Regulatory, – if we are to move up the innovation value chain.
Dr Shailesh Ayyangar – President, OPPI said, “Over the past 50 years, India has seen rising income levels and increased life expectancies. Unfortunately, this rising affluence has also led to the emergence of lifestyle-related diseases, posing a big challenge to the country’s healthcare system. We continue to bring the fruits of years of research, for the benefit of Indian patients. Innovation can help cure diseases that were once incurable. We look forward to a tomorrow that will see a ‘Healthy India and an Innovative India.”
Last week, The Huffington Post said that an ‘Innovation Marketplace’, that engages international and regional organisations, corporates, universities and research institutes, is required to create an atmosphere of research in the country. As a country brimming with talent and creativity, India must strive to create a conducive innovation ecosystem.nike air max 1 nz