Government, industry and academia to collaborate for leveraging knowledge arbitrage
A “National Dialogue on Leveraging Knowledge Arbitrage for India’s Innovation Ecology’ was organised by the Confederation of Indian Industry and the Ministry of Science and technology on the eve of the World Intellectual Property (IP) Day in New Delhi. India spends 0.8 per cent of its GDP on research. Of this, the government contributes 0.6 per cent and only one-fourth comes from private sector.
N N Prasad, Joint Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, stressed on the need for modernising the IP administration and creating more awareness regarding the various issues concerning Intellectual Property. The government is launching a nationwide awareness campaign on Intellectual Property starting on World IP Day on April 26, he said.
Industry needs to invest much more towards encouraging research and innovation while the government needs to create a more conducive environment for leveraging knowledge and innovation, said Malvinder Mohan Singh, Chairman, CII National Committee on Technology and CEO and MD, Ranbaxy Labs Ltd. He also called for a greater interface and collaboration between industry and academia to encourage innovation.
Speaking through video conferencing from Bengaluru, Shanker Annaswamy, Chairman, CII National Committee of IP Owners and Managing Director, IBM India Pvt Ltd, called for pooling of talent, better recognition and rewards for innovation and lauded CII’s work in capacity development, awareness creation and facilitation of such dialogues that bring the focus on IP and related issues.
Powered by the economic growth of the country, today Indian industry has the resources to invest in research, create its own Intellectual property and leverage in the domestic and global, said Naushad Forbes, Director, Forbes Marshall and Deputy Chairman, CII western Region. Participating from Pune, he said innovation is the key to growth in today’s highly competitive scenario.
India is a big consumer of Intellectual property and this market needs to be strengthened as well, said Rakesh Bakshi, Associate General Counsel and Director � Legal Corporate Affairs, Microsoft India. More investment in R&D can generate more profits, which can be ploughed back into research, he said and added that a strong alignment between the government, industry and academia can generate a great opportunity for innovators.
Dr Prabuddha Ganguli, CEO, Vision IPR, moderated the national dialogue that had representatives of the government and industry interacting from the national capital, Pune and Bengaluru. S D Ravetkar, Senior Director, Serum Institute of India; Arun Vishwanath, Director, Asia Innovation and Knowledge-Connect and Development, Procter & Gamble and Subu Goparaju, Vice President and Head-Software Engineering and Technology Labs (SETLabs), Infosys Technology Ltd, also participated.
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