IP is fuel that powers engine of prosperity: Parlewar
   Date :12-Apr-2019

Business Bureau:
In today’s world, IP protection is critical to fostering innovation. Without protection of ideas, business individuals would not reap the full benefits of their inventions and would focus less on research and development. The main purpose of IP law is to encourage the creation of a wide variety of intellectual goods for consumers. Strong IP rights protection is crucial to fostering trade and achieving the goals and benefits of global integration. Countries with high standards of IPR protection tend to attract more investment, stimulate more innovation, thereby developing more rapidly. Countries with inadequate protection are often vulnerable to infringements of IP rights that hinder trade flow and economic development. With the objective to create and enhance awareness of MSMEs about IPR for protecting their ideas and business strategies, MSME-DI Nagpur recently organised one-day interactive workshop on Intellectual Property Rights (IPR) at MSME-DI, Nagpur Conference Hall. The focus of the workshop was to promote the creation, protection and enforcement of the Intellectual Property Rights amongst various stakeholders and also Government of India, Ministry of MSME schemes. Mayank Shukla, President, COSIA, Nagpur Chapter graced the programme as chief guest.
P M Parlewar, Director, MSME-DI, Nagpur, and Poonam Maulikar, Examiner, Patent Office were present on the dais. Speaking on the occasion, P M Parlewar, Director, MSME-DI, Nagpur said, “In today’s competitive world, IP is the fuel that powers the engine of prosperity, fostering invention and innovation. IPRs play a crucial role as the legal vehicle through which either the transfer of knowledge or the contractual relationship is affected. The increasing importance of intangible assets in the global economy is forcing business organisations to actively manage their IP as a key driver for building and sustaining their competitive advantage and achieving superior performance.” He focused on the commercialisation of patent granted to the innovators by manufacturing units and also explained the subsidy given by Government of India for protection and enforcement of the Intellectual Property Rights amongst various stakeholders. Mayank Shukla appreciated efforts taken by MSME-DI for creating awareness about IP amongst the SMEs. He said, “In today’s global competitive environment, IP has placed itself on a pedestal in the context of economic growth and is becoming increasingly important.” He said, “It is also important to promote intellectual property licensing practices, particularly with a view to foster creativity innovation and the transfer and dissemination of technology to developing countries and least developed countries.” MSME-DI continously organises various seminars and workshop for trade and industry. 
Need to protect and enforce intellectual property, says Poonam Maulikar Poonam Maulikar,
Examiner Patent Information Office while speaking at the workshop organised by MSME-DI, Nagpur explained in detail about the Patent Registration procedure. She inspired the participants about generation, protection and economic use of intellectual property. She said, “Entering into an intellectual property transaction, one of the most important assessments to be made relates not only to the validity and market relevance of the asset but also the capacity to protect and enforced the IP.” Ushoshi Guha, IPR consultant gave power point presentation during technical session. The programme was co-ordinated by K T Kalkar, Assistant Director and M V K Jha proposed the vote of thanks.