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Experts
at an European Union (EU)-India Intellectual
Property management seminar Friday here
said Indian industry must create patent
portfolios to manage wealth."To create
wealth and compete in the global market,
the Indian industry must create patent
portfolio and should not rely on individual
patents," said V. Lakshmi Kumaran, managing
partner of Lakshmikumaran and Sridharan."The
creating of Intellectual Property (IP)
requires management's strategic focus
to nurture an invention-oriented environment.
There must be systems to identify, incubate
and reward ideas within the organisation,"
he said at the seminar organised by the
Confederation of Indian Industry (CII).Multinational
companies are increasingly looking for
outsourcing their research activities
to countries like India to create intellectual
properties cost effectively, he pointed
out.S.K. Verma, team leader, IPR component,
EU representative in India, said traditionally
the small and medium enterprises, and
even large Indian corporations were technology-followers."They
must transform themselves into technology
creators leveraging the strong IPR infrastructure
of the country," she said.
Courtesy:
www.teluguportal.net, November 24, 2006
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