Tuesday, December 05, 2006

US Stand: India Needs to Update its Patent & Copyright Law

US Under-Secretary of Commerce for International Trade, Mr. Franklin L. Lavin has raised concerns for India to update its patent and copyright laws with modern regulatory framework to attract more foreign capital. Leading the largest-ever business delegation from the US, Lavin told during a CII meeting on India-US trade that “Patent and copyright laws in India are old and backdated and they nowhere match the world standards.” He further added that “Both the countries need to sit and work out a proper regulatory framework by identifying the weak areas.” The delegation includes some big names like Exxon, GE, Motorola, AT&T, Avaya, IBM, Lockheed Martin, Northrop Grumman, Boeing, Datacorp, Bank of America and many other small and medium firms.

1 comment:

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