ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Tailoring Patents Law to Suit MNCs

Tailoring Patents Law to Suit MNCs CONCERNED scientists and technologists, legal luminaries and social workers and even some enlightened business interests have woken up to the grave and imminent danger that has emerged on the horizon to Indian R and D and the contribution that Indian scientists and technologists can and must make to socio-economic development with some measure of self-reliance. They had been watching helplessly but with considerable dismay for quite some time the unfolding of official policy which had tended more and more to strangulate Indian R and D, open the doors wide for foreign technology and capital to take up commanding positions in the Indian market and overwhelm step by step domestic production capabilities in several critical areas. What they had not still bargained for, however, was that the government led by Rajiv Gandhi was getting ready to revise the well-tested policy on patent protection and join the Paris Convention on patents which the government had so far rightly refused to do. It is being suggested that the government may take this 'bold' step by the middle of December this year. The ground for this, according to some well informed sources, is being prepared at a rather hectic pace. These apprehensions have been strengthened by the extension of the so-called Rajiv Gandhi-Reagan Science and Technology Initiative under which transfer of high technology to India from US is being regulated and managed. The seminar being organised by the Federation of Indian Chambers of Commerce and Industry in the last week of November this year with the active association and participation of the World Intellectual Property Organisation (WIPO) is also considered ominous in this context.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top