India was doing all it could to bring out the Intellectual Property Right (IPR) policy, Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant said adding that it would be made public in two months’ time.
He said this while addressing a joint Indo-German business round table, attended by chief executives of companies from both countries, here today.
Entrepreneurs from Germany’s pharmaceutical and defence industries have been raising concerns over difficulties of working with sensitive technology under India’s existing IPR regime.
The defence trade between India and Germany, though at a favourable stage currently, needed to be streamlined through responses from the demand and supply sides of the economy, said a German industrialist.
Among other issues raised by the delegation were the unease of business, especially in the Customs clearance process, unavailability of technical workforce and need to remove existing red-tape in investment.
The event, organised by industry bodies Federation of Indian Chambers of Commerce and Industries (Ficci), Confederation of Indian Industries (CII) and the Indo-German Chamber of Commerce, saw the participation by 20 CEOs of German and Indian companies.