The Vice President of India, M. Venkaiah Naidu has said that Innovation is for the betterment of mankind and India is encouraging the spirit of innovation among the educated enterprising youth. He was addressing the gathering after inaugurating the International Conference Asian Patent Attorneys Association. The Minister for Law & Justice, Ravi Shankar Prasad, the Minister for Commerce and Industry, Suresh Prabhu, more than 1350 participants from over 65 countries and other dignitaries were present on the occasion.
The Vice President stressed the need to put in efforts to give meaningful effect to the socio-economic and technological development needs of the poorest of the poor. He further said that knowledge and intellect are the most critical ingredients in development. It was essential to adopt innovative and creative balancing mechanisms, he added.
The Vice President said that Intellectual Property Rights hold special importance in the knowledge economy. He said that the new regime of intellectual Property Rights bring a paradigm shift in social exchanges and cultural ethos in communities especially at a time when the world had moved away from viewing knowledge as a mere community asset started treating it as intellectual property.
Talking about the changing factors in all economies, the Vice President said that the emphasis on tangible hard assets is being shifted to intangible soft assets and intellectual properties. India fully recognizes that an effective and robust intellectual property protection regime is essential to attract technology, investment, incentivise innovation and creation of IP assets, he added.
The Vice President said that as the communities’ transit to new phase of Intellectual Property based economy, no conversation on intellectual property rights can be complete without considering the balance of the rights and obligations of IP holders and define what constitutes a genuine, path-breaking intellectual property?
Shri Naidu said that Indian patent system contains some built-in safeguards to bring about a balance between rights and obligations – these measures are consistent with TRIPS Agreement. As a member of WTO, India made laws that are compliant with the global regime. National IPR Policy has been approved and published by the government in May 2016, he added.
The Vice President said that India is encouraging the spirit of innovation among the educated enterprising youth by skilling them and supporting through the schemes like Start-Up and MUDRA. He further said that a number of initiatives have been taken by the governments to create an ecosystem that fosters manufacturing and have identified key areas such as auto industry, information technology, aviation, biotechnology, oil and gas, pharmaceuticals, electronics and entertainment for innovation and manufacturing, as There is immense scope of technology and investment in these areas.
Saying that Government aims to make India a major hub for end-to-end indigenous drug manufacturing in the next few years, the Vice President said that the IP sensitive, Indian pharmaceuticals industry is expected to expand at a compounded annual growth rate of over 15 per cent to 55 billion US dollars in the next three years.
Following is the text of Vice President’s address:
I am delighted to be amongst such distinguished assembly of law professionals. I am pleased to learn that more than 1350 participants from over 65 countries are attending this annual conference.
Being a lawyer myself, and given my background in legislature and public policy, it is a pleasure to share my views with this gathering of intellectual property experts.
The issue of intellectual property rights assumes a great significance for us as India in the last few years has emerged as the fastest growing economy in the world. With an expected growth in the range of 7.5% during next few years, as projected by the IMF and the World Bank, we are one of the most preferred destinations for investments in today’s world.
Intellectual Property is one of the most hotly debated topics among policy makers, Governments, legal fraternity, NGOs, academia and research institutions.
In Indian scriptures it is said:
न चोर हार्यम् न च राज हार्यम्।
न भ्रातृभाज्यम् न च भारकारी।।
व्यये कृते वर्धतै नित्यं।
विद्या धनं सर्व धनप्रधानम्।।
Knowledge is a treasure that cannot be stolen, neither can it be confiscated by the State, nor can it be divided among siblings. It is not burdensome to carry. It increases when we share it with others sharing. Knowledge is a treasure that is better than other riches.
Like India, in most of the cultures sharing the knowledge was considered sacrosanct. The society took acquisition of knowledge for granted. It was an inherent right of an individual. It was sacrosanct and free.
However, now the world market has begun to realise the value of knowledge and intellect, the most critical ingredients in development.
We have moved from land-based agricultural economy marked by feudal ownership of land resources to machine based industrialisation. We have witnessed global movements of finance and capital further leading to professionally managed multinational corporations to information and data networks to knowledge economy based on intellectual property.
But like every phase of evolution, the new regime of intellectual Property Rights too brings paradigm shift in social exchanges and cultural ethos in communities. We have moved away from viewing knowledge as a mere community asset. Knowledge has become an intellectual property.
The key success factors in all economies have changed. Instead of only the tangible hard assets, the emphasis has shifted to intangible soft assets and intellectual properties. Nurturing of intellectual property has emerged as a key determinant of success in the 21st century.
We in India fully recognize that an effective and robust intellectual property protection regime is essential to attract technology, investment, incentivise innovation and creation of IP assets.
Dear sisters and brothers,
We have the desire and capability to absorb new technologies in manufacturing. In our country, ‘Make in India’ is one of the key programmes launched by the government to boost the economy and the aim is to transform India into a global manufacturing hub. The target is to increase this to 25 per cent of the GDP by 2025.
We have about 65 per cent of the population below 35 years of age, who are looking for the creative avenues for their talent and education. We are encouraging the spirit of innovation among our educated enterprising youth by skilling them and supporting through the schemes like Start-Up and MUDRA.
We have taken a number of initiatives to create an ecosystem that fosters manufacturing and have identified key areas such as auto industry, information technology, aviation, biotechnology, oil and gas, pharmaceuticals, electronics and entertainment for innovation and manufacturing. There is immense scope of technology and investment in these areas.
For example, With 900 million mobile telephony subscribers and almost 500 million internet users, Indian market is expected to grow to 400 million US $ market by 2020. There are around 100 mobile and accessories manufacturing units in the country. The policy to digitize economy had led to 300 $ increase in digital transactions over the past few years.
The IP sensitive, Indian pharmaceuticals industry is expected to expand at a compounded annual growth rate of over 15 per cent to 55 billion US dollars in the next three years.
The Government aims to make India a major hub for end-to-end indigenous drug manufacturing in the next few years. MedTech industry which has been recognised as a sunrise sector is expected to touch 9.5 billion US dollars by 2022.
To mitigate climate change and global warming, we are focussing on green growth strategies to encourage sustainable development. India is attempting to make a gradual switch to electric vehicles with the government planning to mandate that every car sold in India from the year 2030 to be an electric car.
The transition to a green economy is also an attractive and lucrative business opportunity.
Along with rapid industrial development, there have been a number of initiatives and reforms like GST and the Insolvency and Bankruptcy Code, as a result of which India’s rankings in the World Bank’s Ease of Doing Business have improved from 130 in 2016 to 77 in 2018.
As the communities transit to new phase of Intellectual property based economy, I am aware that no conversation on intellectual property rights can be complete without a reference to the question: how to balance the rights and obligations of IP holders? What constitutes a genuine, path-breaking intellectual property? One can do a costing of a finished farm/factory product but how to put a realistic price to a research product and for how long?
The TRIPS Agreement envisages a mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations. The TRIP Agreement permits its members to adopt appropriate measures “necessary to protect public health and nutrition and to promote the public interest in sectors of vital importance to their socio-economic and technological development.
Efforts must be made to give meaningful effect to the socio-economic and technological development needs of the poorest of the poor by adopting innovative and creative balancing mechanisms.
Indian patent system contains some built-in safeguards to bring about a balance between rights and obligations – these measures are consistent with TRIPS Agreement. As a member of WTO, we have laws which are compliant with the global regime. National IPR Policy has been approved and published by the government in May 2016.
Friends
Indian startups have the capacity to bring about transformational change to India’s growth story said Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, in New Delhi. He was speaking at the launch of a report on the State of the Indian StartupEcosystem-2018 by Inc 42 which is an Indian information platform known for its coverage of the Indian startup ecosystem.
The Minister went on to say that the Commerce & Industry Ministry is taking many initiatives to foster a positive and empowering ecosystem for startups togrow and flourish in the country. To this end many regulations which were in place for traditional industries are now being reviewed and either scrapped or modified in order to facilitate the ecosystem which will fosterand encourage startups to take root in India.
Commerce Minister also said that the Ministry is holding a global investors meeting next month in India where top investors are being invited to participate in a roundtable meeting in order to pave the way for greater investments in Indian startups.
Suresh Prabhu referred to the jump that India has made in the Ease of Doing Business rankings and said that all efforts are now being made to ensure that India joins the group of countries in the top 50.
Commerce Minister in his address at the event said that change is the new constant in today’s world and the youth of India have within them the grit and determination to create positive change through new ideas which will benefit citizens of not only India but bring about positive change globally.
Countries across the world are facing threat of climate change and there is an urgent need for innovation in agriculture, said Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu. He was speaking at an international conference and awards function for innovations by agri startups in New Delhi.
The Minister said that in the next few years there will be more demand for food as the world population is growing and therefore there is a need for agri startups to produce more food crops in limited fertile soil and use less water. Suresh Prabhu also called for innovations to minimise wastage of food grains, fruits and vegetables.
The Commerce Minister said that the agricultural sector will have immense possibilities for startups, which are now confined mainly to think tanks and manufacturing. He said that high yielding and disease resistant crop varieties, soil nutrient maps, improved design of dairy, poultry and fisheries technologies should be developed with new innovations.
Urging the agri startups to become more innovative Suresh Prabhu said that the Government is working on a comprehensive strategy for facilitating growth of start-ups. He said that the Ministry is actively engaged with the startup community.
The Minister gave away innovation awards to agri startups in different categories and also released the PWC Knowledge report of FICCI.
The Prime Minister, Narendra Modi has condoled the loss of lives due to cyclone in Tamil Nadu.
The Prime Minister said, My thoughts are with the families of those who lost their lives due to cyclonic conditions in parts of Tamil Nadu. I pray for the quick recovery of those injured. Officials are working towards providing all possible assistance in the wake of the cyclone.
Spoke to the Chief Minister of Tamil Nadu, Thiru Edappadi K. Palaniswami regarding the situation arising due to cyclone conditions in the state. Assured all possible help from the Centre. I pray for the safety and well-being of the people of Tamil Nadu
The Vice President of India, M. Venkaiah Naidu has said that India is witnessing an urban renaissance and has been set in motion. He was interacting with the Mayor of Houston, USA, Sylvester Turner, who called on the Vice President along with a high level trade and investment delegation including counselors, city planners, urban development officers and members of the Indo-American Business Chamber, in Mumbai.
The Vice President said that Government’s initiatives such as Smart Cities, AMRUT Mission, Housing for all are changing the urban landscape by providing amenities to common man at an affordable price. A good beginning has been made and it needs to be taken to its logical conclusion to realize a new and resurgent Urban India, he said. With a new found spirit of confidence and a healthy competition among cities to improve urban amenities and quality of life of citizens, he added.
Naidu said that the ultimate aim of the Government is to recast the urban landscape of our country and to ensure decent living for the rapidly growing urban citizens besides making our cities and towns dynamic engines of economic growth.
The Vice President informed the delegation about the transformative changes brought into governance by the government, and said it empowered state and city governments in respect of project formulation and appraisal under new urban missions in conjunction with capacity building.
The Vice President said that as 70% of our urban population are residing in 500 cities and towns a comprehensive five year action plans for addressing infrastructure deficit in a focused manner are being prepared for the first time to have an affordable and sustainable urban infrastructure that is inclusive in nature.
The Vice President said that 100 such Smart Cities are being built now in India that would act as lighthouses to inspire, motivate and encourage others to build more Smart Cities. He further said that a Smart city is one that is liveable and lovable - a comfortable and happy place for the citizens. Architectural planning of smart cities must have provisions for pedestrian passes, cycle tracks and more greenery, as that will enhance the health of citizens, he added.
The Vice President said that India and United States being the largest and oldest democracies in the world should come together and strengthen the existing relationship to foster new ties.
The Mayor appreciated the reforms that are being implemented in India and was all praise for India’s growth. He said that India is the fastest growing economy in the world. The Mayor expressed interest to further strengthen the existing cooperation with India, in the fields of Education, IT, Health and urban planning, transfer of technologies in various sectors.
The 9th Session of the India-Kyrgyz Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation (IK-IGC) was held on 15-16 November, 2018 in New Delhi and concluded with signing of Protocol. The IK-IGC was co-chaired by The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, and Kosmosbek Cholponbaev, Minister of Health, Government of the Kyrgyz Republic.
India and Kyrgyzstan have identified potential sectors where both sides may engage in areas like healthcare and pharmaceutical, environmental and technical safety, agriculture, information, tourism and culture, textiles and clothing, banking, labor and social development, mines and standards, metrology and certification sector.
Both sides agreed to hold business to business forums between Kyrgyz and Indian companies as well as the exchange of business and commercial information and search for partners.
Kyrgyz side proposed to consider the creation of joint food and food processing ventures for agriculture and meat product for export to the Eurasian Economic Union (EAEU) markets. It requested India to assist in incubation methods and breeding of fresh water fish, fish disease prophylactic treatment, primary processing and storage of fish and fish products, creation of electronic data base for the pastures, monitoring, assessment and conducting of remote sensing of mountainous pastures including geo-information system.
The parties agreed to hold the tenth meeting of the Kyrgyz-Indian inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation in Bishkek, Kyrgyz Republic.
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19/11/18
Innovation is for the betterment of mankind: Vice President
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16/11/18
India will be Global Hub of Start-Up Community
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16/11/18
Innovation in farming need of the hour – Suresh Prabhu
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16/11/18
Prime Minister condoles loss of lives due to cyclone in Tamil Nadu
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16/11/18
India is witnessing an Urban Renaissance: Vice President
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16/11/18
9th Session of the India - Kyrgyz IGC held in New Delhi
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2018-02-10 12:11:07
 Strategic innovations coupled with products & services digitisation will lead the future businesses: President, PHD Chamber
President, PHD Chamber of Commerce and Industry, Anil Khaitan on Saturday predicted that businesses would sustain their operations with strategic innovations and digitisation of both products and services in future and those that ignore this key alliance will fall on wayside.
According to him, the future generations of businesses would have to reinvent both products and services and form a strategy based on out of box intellect and innovations to make them reach away to common masses with cost competitiveness of much higher scale than one can anticipate at a time when the world of businesses are becoming complex and cumbersome.
Delivering his Inaugural Address at the XIIIth International Conference on “Business 2025: Driving Growth through Strategic Innovation, Entrepreneurship and Digitisation” under aegis of PHD Chamber of Commerce and Industry and JIMS here today, Khaitan laid equal emphasis on data analytics pointing out that data existed even during regimes of closed economies, however, it was not a practice as usual to interpret them with intensity.
The difference between management and better management of businesses in modern times is becoming more pronounced and visible purely because of logical and conclusive interpretation of data analytics for longevity and sustainability of business operations.
Therefore, time has come that analysis of data are done with extensive cerebral exercise so that exact business possibilities and prospects are explored and negotiated well in time to make sure that businesses become perpetualised even in competitive age like this, added Khaitan pointing out that victories of warriors were ensured even in epic age of Mahabharat through strategy.
Among others who were also present on the occasion consisted of Joint Secretary, Ministry of Health & Family Welfare, Sunil Sharma; Principal, Shri Ram College of Commerce, Delhi University, Dr Simrit Kaur; Resident Representative to India, KAS Germany, Peter Max Rimmele, Director General, JIMS, Dr (Cdr) Satish Seth and Honorary Advisor, PHD Chamber, CM Krishna.
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