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August 25, 2006

India's adoption of IP is creating a culture of innovation

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Here's a good article on how India's adoption of strong IP protection is creating a culture of innovation.

The Indian IP scenario has undergone huge transformation over the last three decades. Though the IPR regime in the country is far weaker than desired, it's evolving and awareness among Indian enterprises is increasing. Now realizing the importance of patenting, companies are creating culture of innovation. For example, product companies like Ramco, TCS, Infosys, i-flex, Sasken, and Subex are nurturing and building strong IP cultures. Infosys, for instance, has been the leader in the pack with 20 filings in the last fiscal.

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