India Asia Innovation Center intellectual property legal escort

India is rapidly becoming one of the important innovation center in Asia, what is its secret weapon? The United States "Yale globalization" online magazine gives the answer is: intellectual property protection.

According to the Yale Global Report, India since 1990s began a substantial revision of intellectual property law. In 1994, the copyright law of the India clearly defined the rights of copyright owners and the penalties for copyright infringement, which is known as one of the world's most stringent copyright laws. India's courts are also facing difficulties and have taken a number of measures to implement the new law, especially in the emerging areas of information technology, such as intellectual property protection.

In 2005, India has formulated a new patent law in line with international practice. The new law to protect computer software and pharmaceutical products, including the provisions of the patent, a strong stimulus to the domestic and foreign investors in these areas of innovative investment in India. India has also greatly increased the speed of patent approval. In the past, it took 5 to 7 years to approve a patent, and now it is less than 3 years.

Under the protection and encouragement of intellectual property law, the information technology industry in India has achieved rapid growth. From 1999 to 2002, the average annual growth rate of India's software exports reached 48%, while the average annual growth rate of the previous 5 years was only about 35%.

In addition, in the past 15 years, India's patent applications increased by 400%. In 2004 nearly 800 India companies filed international patent applications to the world intellectual property organization, more than double the number of international patent applications filed in India in 2000.