Wednesday, May 21, 2008

Government to form National Institute of Intellectual Property Management

Recently WIPO published its report that India lags behind most of the nations in filing the patent applications. This report has prompted the government to work on a National Institute of Intellectual Property Management to handle training, education, research and think-tank functions in intellectual-property rights. Economic Times reports here
This Report clearly indicates that India is well behind the Asian countries like China, Korea, Japan. PCT filings in 2007 by Indian nationals stand at paltry 686 whereas the applications field by Chinese nationals is around 5456.
Its well know that there is no dearth of intellectuals in India then what is the basic reason for such filing numbers. Whether the people do not have the training or information about the PCT filing or what? One way is that Indian law should educate their clients about the benefits of PCT filing

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