His remarks came on the day Indian government announced a comprehensive National Intellectual Property Rights (IPR) policy. The move is aimed to incentivise entrepreneurship, creativity and innovation and curb manufacturing and sale of counterfeits.
“We welcome the government’s understanding that India’s innovative economy requires effective IP protection and hope this commitment will lead to decisive legal reforms,” Kilbride said.
India must provide enhanced certainty for the rights of innovators in line with international best practises, the US Chamber official said.
“We will be carefully reviewing this policy to determine whether this document creates the foundation for such steps. Regardless, IP will continue to be a central issue for any discussions between India and the international business community,” Kilbride said.