July 4, 2011

Jugaad Inventors Rejoice

This image is taken from Here

It's good news for jugaad inventors. the Government seems keen on moving ahead with granting utility patents and is in the process of drafting a legislation. A number of government agencies of the likes of DRDO and the Department of Science and Technology haven been requesting for a utility patent regime for small sclae innovators. These patents would probably be granted for a period of 8-10 years. As the Economic Times rerports, the government will be keeping the pharma and the biotech sectors off bounds to avoid any issues with the Indian health sector. The Department of Industrial Policy and Promotion had circulated a discussion paper in May 2011. The last day for receiving comments was the 30th of June 2011.
The report says that around 50 countries in the world have a utility patent system. This system does not go against international agreements in this sphere. More of it in future posts.
This image is taken from Here

No comments: