National IPR policy being finalized soon


Prime Minister Narendra Modi on Thursday assured the business honchos in the UK that India is committed to protect Intellectual Property Rights of all innovators and entrepreneurs and said that a comprehensive National IPR policy is being finalized.

“Through PPP, we are encouraging private investments in areas where earlier only government used to invest. We are also divesting our stake in the public sector enterprises, to instil market discipline. We are keen to learn from your experience in structuring and implementing PPP projects,” Prime Minister Modi said while addressing the Business Meeting here.

“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 finalised,” he added.

Prime Minister Modi further said, “We want your active involvement in translating our dreams into reality. Our commitment and aggressiveness to achieve the goal in a faster and effective manner offers immense opportunities to British Companies. These opportunities range from building 50 million houses to setting up 100 smart cities; modernization of railway network and re-development of stations to new railway corridors; generation of 175 GW of renewable energy to transmission and distribution networks, from National Highways and bridges, to Metro rail networks. Such a huge potential for creation of infrastructure and production of goods will not be available in any other country. More importantly, no one place on the earth can offer the potential for usage and consumption on such a massive scale.”

“We are trying to harness this potential through our policies and people. The campaigns like Digital India andSkill India are designed to prepare the people to take part in this process. To tap their energy fully, we have also launched the Start up India Campaign. We have witnessed massive growth in the number of start-ups in the recent past. Some of these have already begun to challenge established global players,” he added.

Prime Minister Modi said India is on the threshold of a big IT revolution.

“We are encouraging it to fast-track the services to our 1.25 billion people. New Technology and renewable energy is our new Mantra. Whatever we do, we will do in a cleaner and greener way. Energy efficiency, water recycling, waste to energy, clean India and river cleaning are among those initiatives. These initiatives provide additional avenues for investment in modern technology and human resources,” said Prime Minister Modi.

“Ours is a country of the vibrant youth and a rising middle class. There is a huge domestic market in India. I have been saying that the three Ds of Democracy, Demography and Demand is our basic strength. Moreover, talented young minds in India have now begun taking risks. They are preferring to become entrepreneurs. Thus, we have moved forward from D to E which is Entrepreneurship,” he added.

Prime Minister Modi said necessary conditions for take-off of the Indian economy have been created.

“Never before, India was so well prepared to absorb talent, technology and investment from outside. I can assure you that it will get better and better in the coming days. We will be open to welcome your ideas, innovations and enterprises. We are open to carry out necessary corrections in our policies and procedures. Given the visionary and dynamic leadership of Prime Minister Cameron and his interest in India, I am personally eager to work with the British Government and companies,” Prime Minister Modi said.

“With these words, I welcome you to India. I assure you of my personal care in making your dreams a reality. Many of you belong to India; Many of you are in India already. But for those who are not there, I must say that: at this point of time, it is wiser to be in India; further, we are making it easier to invest in India and believe me, we are making it even better to ‘Make in India’,” he added.

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