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India needs ecosystem to take new IPR Policy to logical end: Suresh Prabhu
Apr-28-2017

In order to make new National Intellectual Property Rights (IPR) Policy successful, Union Railway Minister Suresh Prabhu has expressed need of an ecosystem to take this policy to a logical end even before it is commercialized and noted that partnering with industry associations, bringing in global players will be necessary along with finding out angel investors to create an ecosystem.

Noting that India is home to many new ideas, Union Railway Minister has said that there is a huge scope for innovation, when the country put these ideas in infrastructure and added that India could become a $ 10 trillion economy in the course of next decade and a half. He also suggested to use innovation in information, communication technology (ICT) to make lives of people better thereby addressing social issues through business products.

The railway minister further said that India could be the leader of the innovation process and to achieve this, the Country’s innovators who have done well need to be recognized, stressing the need to develop plans and industry partnerships. He further said that innovation is going to make India's march towards reaching magic figure faster.

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