US chamber's IP index does not give a composite view: Nirmala Sitharaman

NEW DELHI: The US Chamber of Commerce's intellectual property (IP) index does not provide a composite view, Parliament was informed today.

India has been ranked at 37 out of 38 countries on this index.

"The intellectual property index is prepared keeping the interest of its members. It does not provide a composite view," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

She said the US Chamber of Commerce is a business federation representing companies, business associations, state and local chambers in the US and the American Chambers of Commerce abroad.

"The IP rights indicators used are selective and hence not a true reflection of the state of IPR protection and innovation in India," she noted.

The minister added that India has a robust IPR regime fully compliant with global norms.