LEGISLATION ON PATENT AMENDMENT BY THIS MONTH END: KAMAL NATH
Date : 07 Dec 2004
Location : New Delhi
Legislation on the Patents (Third) Amendment will be introduced later this month. This was stated by Shri Kamal Nath, Union Minister of Commerce and Industry, when a 6-member Swiss delegation led by Mr. Jorg Al Reding, Head of Bilateral Economic Relations, called on him here this afternoon. During the discussions, the Minister explained that compulsory licensing provision in the legislation was meant to meet emergencies and for situations where the patent was not used, since ensuring local usage of patents was very important from the national point of view.
The Swiss delegation said that a stronger IPR regime would generate greater investment and facilitate the process of development. They said that unlike many other economies of the world, greater transparency and institutional strength were India’s strong points. The increasing trend in trade between India and Switzerland as well as possibilities of cooperation in the bio-tech sector and between small and medium enterprises (SMEs) of both the countries were also discussed.
The Swiss delegation is here to participate at the official level Meeting of the Indo-Swiss Joint Commission which is scheduled to be held here tomorrow, 8th December. Shri Abhijit Sengupta, Additional Secretary, will lead the Indian delegation while Mr. Reding will lead the Swiss delegation.