MoU between India and Sweden on IPR

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The Union Cabinet has given its approval to the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Intellectual Property Rights (IPR).

The MoU is aimed at establishing a wide ranging and flexible mechanism to exchange the best practices and to work together on training programs and technical exchanges to raise awareness on IPR and to improve protection of IPR in both the countries.

According to the press release by Ministry of Commerce & Industry, Government of India, a Joint Coordination Committee (JCC) will be formed with members from both countries to decide cooperation activities to be taken up under the MoU.

The MoU enables India and Sweden to exchange their best practices, experiences and knowledge on IP awareness among public, businesses and educational institutions, and to organize training programmes, exchange of experts, technical exchanges and outreach activities.

The MoU also aims at dissemination of information and best practices in protection, enforcement and use of IP rights among the industry, universities, R & D organisations and Small and Medium Enterprises (SMEs) through training programmes and events.

The countries will also exchange information and best practices on IP infringement in the digital environment, especially regarding Copyright issues.

Furthermore, both the countries will cooperate in automation and implementation of modern documentation and information systems for IP management. The countries also aim to understand mechanisms for protecting traditional knowledge.

Through the MoU, India has taken yet another initiative to participate as a major player in global innovation, as framed in its objectives of National IPR Policy 2016. This exchange of best practices in IPR between the two countries is expected to result in improved protection and awareness about India's range of innovations.

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Best regards – Team InvnTree   

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