India has tremendous heritage in the creative arts. Extending the protection of rights of individuals to a whole gamut of creativity will give the industry a great comparative advantage.
THERE IS MONEY in Intellectual Property Rights (IPR). In case you don’t believe me, I refer you to a “Paradise Papers”-related report in the New York Times on 6 November (“After a Tax Crackdown, Apple Found a New Shelter for Its Profits”), which suggests that Apple sheltered $200 billion worth of intellectual property in Ireland, using a peculiar provision in Irish law; $200 billion — a serious chunk of change.
India woke up relatively late to this fact and to the related fact that there is a global regimen of IP rights that you have to play in properly to get value out of it. The country has been busy fighting fires over IP (especially as related to the pharma industry and to accession to the World Trade Organization) and US Super 301 trade sanctions, and it was only in 2016 that a comprehensive IPR Policy was finally adopted. (Disclaimer: I was a member of the six-person panel that wrote it, but what I say here is my personal opinion, which may not coincide with the opinions of the Government of India or the rest of the panel).
There is a curious dichotomy in Intellectual Property. On the one hand, IP rights are private rights guaranteed by a government to the inventor or creator of something new, which, in effect, gives them monopoly power over the use of their idea. On the other hand, these rights are given for a limited period of time, so that the ideas can and eventually will be available to the entire public, in an equitable manner.
Denne historien er fra December 2017-utgaven av Swarajya Mag.
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Denne historien er fra December 2017-utgaven av Swarajya Mag.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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The Hesitant Orbit
In order to march boldly ahead into the deep space, New Delhi must work towards building a station, boost its techno-economic planning and use the Indian Space Research Organisation smartly.
Nudges And Narratives
The debate surrounding Sanjay Leela Bhansali’s Padmavati brings India a complex network of portraits within a cultural world-system.
The Spell Of Specialisation
THE INDIAN ADMINISTRATIVE SERVICE NEEDS AN URGENT REJIG. THE KEY TO SPEED AND EFFICIENCY LIES IN PUTTING AN END TO A GENERALIST APPROACH AND IN GOING FOR A NEW SERVICE.
The Great Gamble
With demonetisation, the prime minister has taken a huge risk— both economic and political. He must succeed, because this move could transform both our economy and our society.
The Lies And The Truth
The government must be bold enough to up-end the activists who are coming in the way of the nation’s agricultural progress.
Figuring Out China
China’s economic footprint is being followed by its military footprint. To know that is not be belligerent but to prepare oneself adequately.
Management 108
The Upanishads Have A Lot To Teach Today’s Executives When Outcomes Are Unpredictable, Relationships Complex, And Change Is The Name Of The Game.
Sunny Days Ahead
THE NEW GUIDELINES FOR TAXI SERVICES ARE SENSIBLE, RATIONAL, AND MORE THAN WELCOME.
The Cultural World-System
Despite much talk of “soft power”, the fact is that whichever way you slice it, Indian culture fares poorly at seeking or exercising it
The Hard Way Forward
India has been focused on software, but there are large opportunities to be seized in hardware. A primer, and some busting of myths.
