Editorials

by Rajen Kumar

No Escaping Social Media

Running a magazine concentrating on issues of small and medium enterprises and managing with limited resources is a like living life on the edge. In this rush of meeting deadlines,...

Special Reports

Apr 2012

EMRC, Brussels Associates with SME WORLD as its New Media Partner

EMRC has promoted business partnerships with the developing world and has organised dozens of business forums in key decision-making cities, such as Amsterdam, Rome,...

Top Stories

Reforms in IPR Laws Coming

May 2010

World Intellectual Property Day – April 26

Global market demands for security of the business for its sustainability and wealth creation.

Innovation is one of the factors that infuses rapid upsurge in revenues of the business entity. But for the safety of the new brand and to ensure that the revenue generated by it reaches the original owner, certain rules and regulations have been introduced and implemented across the globe and are known as Intellectual Property Rights (IPRs).

IPR is now well-known everywhere in the world for their effectiveness towards the protection of the rights of innovators. We, however, also have seen cases of huge profits passed on to infringers of the original brands. Many cases of infringement have been registering under various forms of IPR across the world and India regularly.

As per the global innovation index we Indians are not very innovative and we are not making enough innovations. This fact is based on the data of the patents or copyrights that have been registered. But we all know, how many innovations are taking place in India everyday, and if they can be registered India would be on top of the index.

Most of the innovations that are taking place in SMEs sector are rarely being registered and hence they have to suffer revenue losses due to fake versions of their original brand or product. Many reasons could be there including lesser awareness about their rights and intricacies as well as cost factor to manage IPR security.

IPR as a requirement of the day is being discussed on various platforms. On the occasion of the 10th Anniversary of World Intellectual Property Day, ASSOCHAM has taken an initiative to assess the economic importance of the country's IP assets and maximizing the fruits of the new innovations by organising a conference on IPR in New Delhi recently.

Dr. M. Veerappa Moily, Union Minister for Law and Justice, inaugurated the event and informed the audience that national consultation process had already begun to initiate reforms on IPR laws and a roadmap would be laid out in not too distant future.

The minister also informed that Lok Sabha had cleared Commercial Court Bill and was pending with Rajya Sabha. The bill aims at removing all hindrances in FDI inflow towards India as also resolving inter-continental corporate disputes between India Inc. and their counterparts abroad within geographical boundaries of the country.

“With passing of Commercial Court Bill a new arbitration system for resolving inter-continental disputes between various corporate would come into effect so that inflow of investments are not at all prevented,” said Dr. Moily adding that each High Court in India would also have an IPR branch. Currently, Delhi High Court has this facility.

The Minister also assured that national interests will remain dominant in the new IPR regime which will do full justice to India Inc. especially the small and medium enterprises.

In his welcome address, R N Dhoot, Vice President ASSOCHAM said that government must provide stricter IPR regime so that intellectual properties developed over the years might become fully protected.

1 Comments >>

Loran

06 Aug 2011 (00:54:26)

Wow, your post makes mine look felbee. More power to you!

Our Achievements

Winner of appreciation award for promoting SMEs in India.
1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
Official Magazine Partners for several national & international MSME events.

The Last Word

More Learned than Educated, You were!

I was speechless. Rather hesitatingly I asked him, “So, what have you decided, Sominder ?” His reply was curt and candid, “I have told the doctors that I don’t want to live life as dumb. Only...

You can also write for SME WORLD

We are looking for writers and experts to contribute original stories and articles. Send an email to smeworld@gmail.com with your story idea and lets get talking.

Some of our valued contributors are...