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Experts, pharma firms doubt US intellectual property ranking; India lowest among 25 countries

Intellectual property experts and generic drug firms in India have questioned the methodology and even the motive behind the US Chamber of Commerce's Global Intellectual Property Centre (GIPC) index in which the nation has been ranked the lowest among 25 countries. 

The ranking calls those IP regimes strong which, unlike that in India, continue to promote weak and trivial inventions, patent experts argued while trashing the index that yet again placed the country the lowest in its second edition released last week.                                                                                                                                                                                                          
"Underlying this report is a major paradox that protecting weak patents makes the IP regime a strong one," IP expert Shamnad Basheer told ET. "Countries such as India that have stood up for genuine innovation and refused to protect trivial inventions have been accused of having 'weak' IP regimes while it should have been the other way round."
                                                                                                                                       In its report which ranked the US, UK and France as the top upholders of intellectual property rights, the GIPC said, "India continues to have the weakest IP environment of all countries included in the Index.

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2/3/2014 9:51:28 AM