India-US CEO Forum: Issues of Piracy Brought to Light

While Walt Disney company CEO raised the concerns of film piracy, the other entrepreneurs even stressed on the piracy in IT software as well.

Published: 26th January 2015 10:01 PM  |   Last Updated: 26th January 2015 10:01 PM   |  A+A-


NEW DELHI: Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum here attended by Prime Minister Narendra Modi and US President Barack Obama.    

Talking to reporters after the meet ended, HDFC Chairman Deepak Parekh said Walt Disney Company CEO Bob Iger raised the issue of film piracy.            

"...they (Walt Disney) have lots of investments in India but lot of films are pirated. The laws are there but implementation is difficult.         

"Even Finance Minister (Arun Jaitley) said that we have to look into it. Mr Modi also acknowledged that there is piracy both in IT software as well as in films and we have to tackle this and take strong legal actions...," he said.    

Tata Sons Chairman Cyrus Mistry and David M Cote of Honeywell were co-chair of the high-profile meeting.           

Biocon Chairman and Managing Director Kiran Mazumdar-Shaw, who also participated in the Forum, too said that the US industry has raised its concerns on IPR related matters.

She further said there are many areas where the businesses of both the sides can increase cooperation and collaboration such as in renewable energy, smart cities and health-care.           

Other issues that were discussed include the proposed bilateral investment treaty (BIT), social security pact or Totalisation agreement, lack of expeditious dispute resolution.          

"BIT is going to be an important building block for expanding the relationship. The point that was made in the CEOs Forum was to say that we take feedback from both the sides before really concluding the treaty so that the treaty becomes meaningful," ICICI Bank chief Chanda Kochhar told reporters.          

Kochhar said that issues related to visa also come up for discussion. Among industry leaders who participated in the meeting were Reliance Industries Chairman Mukesh Ambani, Bharti Enterprises chief Sunil Mittal, Reliance Group Chairman Anil Ambani, Adani Group head Gautam Adani, Mahindra & Mahindra Chairman Anand Mahindra and Sudhir Mehta of Torrent Pharma.           

SBI Chairman Arundhati Bhattacharya, ONGC Chairman and Managing Director Dinesh K Sarraf and BHEL head B Prasada Rao also attended the meet.    

The US team includes Indira Nooyi of Pepsico, Harold McGraw, Chairman McGraw Hill Financial and Ajay Banga, CEO Mastercard.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp