CII Media Releases
Intellectual Property should go for Commercialisation: Nirmala Sitharaman
Apr 25, 2015

On the occasion of World Intellectual Property Day coinciding with Global Exhibition on Services (GES) organized by Ministry of Commerce and Industry, Confederation of Indian Industry (CII) and Service Export Promotion Council (SEPC), Hon’ble Minister of Commerce, Smt. Nirmala Sitharaman felicitated and conferred National Intellectual Property Awards 2015 to outstanding achievers in intellectual property (IP) development in India. While speaking at the ceremony, she mentioned the need for proper recording and documentation of innovative work in the country. 

She added that Ministry of Commerce is very proactive in developing an IP ecosystem in India. The newly developed think tank on IP policy has just presented its recommendations and the Government is in the process of finalising the policy. She said she was aware of the challenges faced by patent offices across the country because of high attrition rate and low remuneration but said that policy level help would be available. She called for proper commercialisation of IP for the benefit of the nation. 

Other officials present the ceremony included Mr. Rajiv Aggarwal, Controller General of Patents, Designs and Trademarks, Mr. N. N. Prasad, Assistant Director General of World Intellectual Property Organization and Mr. Ketan Mehta, notable filmmaker. 

Some of the notable organizations who received awards are Indian Institute of Technology Bombay, Defence Research and Development Organisation, Delhi, Samsung R&D Institute India, Aditya Birla Retail Limited, Larsen and Toubro Limited (Electrical & Automation) and Textile Committee, Ministry of Textiles, Government of India. Mr. Valagam Rajagopal Raghunathan received awards in the category of Top Individual for Patents. Smt. Sitharaman praised all the awardees and mentioned their commendable contributions to the society. She welcomed all of them to showcase their success stories and lead the IP culture of the country. 

New Delhi
25 April, 2015

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