India's Patent Strategy Changes in 1991

India's Patent System and Changes in Strategy

• India's change in patent strategy was influenced by the economic reforms and liberalization in 1991.
• The U.S. places India on the "priority watch list" in the special 301 report, which aims to guide citizens on investment opportunities.
• Nirmala Sitharaman clarifies that the 301 report is an internal government document and not binding on India internationally.
• India faces compliance deadlines for TRIPS (Trade-Related Aspects of Intellectual Property Rights) under the WTO's Dispute Settlement Body.
• TRIPS mandated India to introduce product patents for pharmaceutical and agricultural chemical products.
• The objective of TRIPS was upward harmonization, aiming to strengthen intellectual property rights globally.
• The harmonization aimed to establish uniform minimum standards for intellectual property rights worldwide.
• India's patent system has evolved, with the duration changing from 16 years before independence to 14 years now.
• Product patents were previously applicable universally but now are limited to food, drugs, agrochemicals, and alloys.
• The text mentions a summary slide related to patents, but the details are not elaborated upon.
• The text seems to transition to a different topic or section involving a "Unit I" with a scenario about a company.
• The text ends abruptly with the notation "7* 2 = 14," which seems disconnected from the preceding content.