India, UK ink IPR pact
India and UK on Thursday made a joint statement on Intellectual Property Rights (IPRs) to create and implement an IPR programme.
By TNN |
NEW DELHI: India and UK on Thursday made a joint statement on Intellectual Property Rights (IPRs) to create and implement an IPR programme. The agreement was signed by commerce & industry minister Kamal Nath and UK science minister Lord Sainsbury, at the second annual India-UK Business Leaders Forum ‘06 in London on Thursday.
Mr Nath urged UK companies to tap Indian potential by investing in the country, thus making India, UK’s largest trading partner. “UK stands to benefit from India’s entrepreneurial power and from the fact that India’s growth needs less fuel compared with China,” he observed.
The Commerce Minister also released a report titled ‘Going Global - India Inc in UK.’ On the sidelines , science & technology minister Kapil Sibal announced creation of a new India-UK Science & Technology Innovation Council to promote collaboration in innovation.
The focus of this Council will be on strategic areas of next-generation communication technologies, biotechnology & stem cell research and advanced materials & nanotechnology. Mr Sibal announced that Indian and UK scientists and institutions will collaborate with a funding of upto £12m from UK, with matching contribution from India.The Joint Economic Trade Committee will be linked with the Science & Technology Innovation Council as proposed by Mr Sibal.
Mr Nath urged UK companies to tap Indian potential by investing in the country, thus making India, UK’s largest trading partner. “UK stands to benefit from India’s entrepreneurial power and from the fact that India’s growth needs less fuel compared with China,” he observed.
The Commerce Minister also released a report titled ‘Going Global - India Inc in UK.’ On the sidelines , science & technology minister Kapil Sibal announced creation of a new India-UK Science & Technology Innovation Council to promote collaboration in innovation.
The focus of this Council will be on strategic areas of next-generation communication technologies, biotechnology & stem cell research and advanced materials & nanotechnology. Mr Sibal announced that Indian and UK scientists and institutions will collaborate with a funding of upto £12m from UK, with matching contribution from India.The Joint Economic Trade Committee will be linked with the Science & Technology Innovation Council as proposed by Mr Sibal.
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