Better IP protection would help encourage investment

By Gayatri Roy and Reshma Vaidya, Luthra & Luthra Law Offices
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Intellectual property (IP) is a powerful tool in shaping a country’s economic growth. For global companies, a strong and effective IP legal regime facilitates technology transfers, local research and development, production, exports, etc., thereby impacting decisions to invest, particularly when there is a choice of other strong markets with more effective IP regimes.

Gayatri Roy
Gayatri Roy

The changing framework of IP laws in India has noticeably impacted the pattern of foreign direct investment (FDI) inflows in some sectors and certain decisions seem to have resulted in a negative perception. The International IP Index released by the US Chamber of Commerce’s Global Intellectual Property Center in 2014 ranks India last in terms of its IP standards and level of protection. A report issued in 2014 by the Europe India Chamber of Commerce and the European Business and Technology Centre also discussed concerns. The report noted that while India may be an opportunity hard to ignore, a more robust IP regime would enhance investor confidence.

While India has several advantages to make it a favoured destination for FDI, changes in its IP regime could contribute vastly in boosting investor confidence and the success of “Make in India” campaign.

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Luthra & Luthra Law Offices is a full-service law firm with offices in Delhi, Mumbai and Bangalore. Gayatri Roy is a partner and Reshma Vaidya is a senior associate at the firm. This article is intended for general informational purposes only and is not a substitute for legal advice.

luthra & Luthra

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Barakhamba Road

New Delhi – 110 001

Tel: +91 11 4121 5100

Fax: +91 11 2372 3909

Email: delhi@luthra.com

www.luthra.com

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