India Scenario  
 
India signed WTO agreement in January 2005. Indian companies will have to compete globally, hence the need to innovate, protect and build commercial and business strategy tools.
   
Indian companies, especially SMEs are finding it difficult to manage enormous amounts of IP that they or their employees are generating.
   
Growing number of multi-national (MNCs) and Indian companies investing in R&D activities.
   
Growing outsourcing / off shoring opportunities in the fields of patents and IP from US, Europe and Japan (due to abundant talent and state-of-the-art infrastructure. Operational excellence that has delivered cost and quality leadership in offshore services centres).
   
India to enhance its R&D expenditure to 2% of the country’s GDP in next 5 years.
   
India ranks 1st among 53 nations in terms of the availability of competent scientists and engineers; it ranks 51st in commercializing research and knowledge-based inventions.
 
     
 
Extracts of a recent letter send to Honorable Prime Minister by Mr. Sam Pitroda, Chairman, National Knowledge Commission
 
 
Educational efforts on IPR must go beyond the IP offices and reach out to scientists and engineers working in national research institutes, universities, industry, the Bar, as well as to researchers and students, not just in the metropolitan areas but also in the smaller towns and rural areas of the country.

Law schools throughout the country must also design specialized up-to-date courses and programs on IPR and the process of creating faculty chairs on the subject must also be intensified through better incentives for academia. Business schools also need to incorporate IPR dimensions in their curricula.
 
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