IP Connect

India: Vikrant Rana speaks at FICCI on the occasion of World IP Day 2016

In an effort to raise awareness and culture of Intellectual Property in the country and to commemorate the World IP Day, the Federation of Indian Chambers of Commerce and Industry (hereinafter referred to as ‘FICCI’) organized a conference on “Intellectual Property: A Key Enabler for Strengthening India’s Business Landscape” on April 25, 2016 at the FICCI, Federation House in New Delhi, India.

With the conference, FICCI celebrated the spirit of Intellectual Property in all its forms and encouraged stakeholders to leverage IP to derive innovation and strengthen India’s business landscape. The stage was graced by bigwigs of the industry with the Welcome address given by Dr. A Didar Singh, Secretary General of FICCI followed by an inaugural address by Mr. Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India.

The conference was divided into four different sessions with each addressing on of the major challenges in the IP ecosystem in India. The First session was titled ‘Incentivizing IP in the Knowledge Driven Economy’. It focused on the strengths, challenges and future growth prospects for Businesses and Industry in the light of the various pro Industry campaigns such as Make in India, Digital India, and Start Up India. The second session was titled ‘Securing IP Edge for Business Growth and Competence’. The session explored the importance of IP protection, and how it enables a business to derive a competitive edge in the global market. The penultimate session titled ‘Facilitating a sustainable IP Ecosystem in India: The way forward’. The session focused on bringing forth National and International perspective in the emerging IP environment and its likely impact on India’s business landscape. Lastly, the conference was concluded with a session on ‘Strengthening IP Enforcement in India’. It endeavored to bring forth and address the critical challenges which IP intensive industries are facing due to rampant IP infringement and suggested a few practices for countering this menace.

Mr. Vikrant Rana, Managing Partner at S.S. Rana & Co., was invited as a panelist on the Fourth Session to talk about a few measures that can be taken to Strengthen IP Enforcement in India. His presentation focused on a few compelling statistics related to the trend of decisions given by various High Courts in the country related to each individual Intellectual Property. His presentation was empirical, and drawing from past experiences he suggested ways in which IP enforcement in the country can be strengthened.