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India lags behind in leveraging IPRs: CBEC Chief

"India has been a little behind, perhaps,in leveraging in IPR and it has become an impediment," Shah said addressing an event on 'Illicit cross-border trade in goods: impact on economy and consumers' organised by industry body Ficci.

December 08, 2016 / 14:58 IST
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India is lagging behind in leveraging intellectual property rights (IPRs), Central Board of Excise and Customs (CBEC) Chairman Najib Shah today said and urged businesses to register their patent rights to fight against the menace of counterfeits and piracy.

He also stressed on cooperation among key stakeholders for better enforcement of IPRs.

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"India has been a little behind, perhaps,in leveraging in IPR and it has become an impediment," Shah said addressing an event on 'Illicit cross-border trade in goods: impact on economy and consumers' organised by industry body Ficci.

IPRs help to fight counterfeit and pirated trade, which has affected the entire economy and consumer welfare and safety, he said.