Abstract

INDIAN IPR POLICIES IN GLOBAL SCENARIO: A BREIF REVIEW

Veena Sharma, G.S. Rajpurohit, Shatruhan Sharma*, Aastha Agarwal

Abstract

Biotechnology is a boon to the mankind. Biotechnology involves application of technology on biological forms and processes for the human wellbeing. Research and development growth in this sector contributes a new count to Intellectual Property Rights system. The standard tests of patent law are an impediment for grant of patents to the biotech innovations. Failure in granting a patent hearten uncontrolled piracy of new inventions and the imaginative proprietors go through with great economic or financial losses because of low returns on their huge investments in the research. This review focuses on the current scenario of patenting in Biotechnology and pharmaceutical sectors worldwide and also about the Indian patenting laws and regulations and their contribution in global economy.

Keywords: Patents, Intellectual Property Rights, TRIPs, Biotechnology.