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US and Indian Business Organizations Launch Dialogue on IP Collaboration

31-Oct-2018 | Source : U.S. Chamber of Commerce | Visits : 4712
NEW DELHI – The US Chamber of Commerce’s Global Innovation Policy Center (GIPC) and the Federation of Indian Chambers of Commerce and Industry (FICCI), in partnership with the US Chamber’s US-India Business Council, announced that it has launched a new dialogue around a solutions-driven approach to intellectual property (IP) policy, innovation, and inclusive growth. According to the US Chamber of Commerce, the dialogue brings together leaders from the US and Indian government and the Indo-US business community in New Delhi. 

The “IP Dialogue: Opportunities for US-India Collaboration,” an initiative on IP-led innovation, brought together experts from India’s Department of Industrial Policy and Promotion and Indian Patent Office and the US Patent and Trademark Office, along with thought leaders from MSD India, IBM India, Tata Consultancy Services, Network18, University of California, Jindal Global Law School, Gujarat National Law University, University of Southern Illinois, Lakshmikumaran and Sridharan Attorneys, and India Council on Competitiveness, among others. The discussions included a focus on joint opportunities and challenges related to the whole spectrum of IP, including patent filing, regulatory landscape, copyright and infringement, technology transfer, and enforcement.

“Competitiveness, going forward, is rooted in IP-led innovation. India has an opportunity to get ahead and form that the basis on which it can drive domestic growth and be an engine for global economic growth. If India succeeds in becoming a leader in the global knowledge economy, US industries will also benefit. We can both contribute to the success and benefit from the success,” said Patrick Kilbride, senior vice president of the U.S. Chamber’s Global Innovation Policy Center.

The Dialogue aims to identify solutions, exchange best practices, and share technical knowledge and expertise. The event included a workshop where experts from the US Patent and Trademark Office (USPTO), industry representatives, and legal experts, exchanged artificial intelligence and nanotechnology best practices with the Indian Patent Office. 

“The US-India relationship has significant geo-economic and geo-political significance and our levels of exchange continue to be on an upward trajectory,” added Nisha Biswal, president of the US Chamber’s US-India Business Council. An approach by both governments and industries to focus on solutions and create a dialogue around best practices can lead to win-win situations for the US and India. After all, India and the United States are both innovation economies. It is, therefore, in both of our interests to collaborate on ways to protect those innovations.”

Together, experts from both countries developed a stronger understanding of uniform IP frameworks and how to create solutions in a collaborative way. The Dialogue recommendations will be shared with both governments to deepen strategic cooperation on IP policy. 


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