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

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Patents Act and Technological Self-Reliance-The Indian Pharmaceutical Industry

Patents and trademarks, particularly in the pharmaceutical industry, have been extensively used by TNCs to reinforce their market power This paper examines the impact of patents legislation on the indigenous development of the pharmaceutical industry in India. The Indian Patents Act of 1972 had a positive impact on the technological growth of the pharmaceutical industry. For India to join the Paris Convention at this stage would prove detrimental to such growth.

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