HYDERABAD: To help promote micro, small & medium enterprises (MSMEs) in Telangana state, the Federation of Telangana and Andhra Pradesh Chamber of Commerce and Industry (FTAPCCI) will set up an Intellectual Property Rights(IPR) felicitation centre in the city. As majority of the patents filed in India are from Andhra Pradesh and Telangana, there is a need for the felicitation centre, FTAPCCI opined.
The new IPR Act 2016 aligns the IPR laws in India with international standards.
“There is a need to sensitise those from the MSME industry to IPR. In India close to 40,000 patents are applied every year and of that 85 percent are filed by MNCs. The problem is that people are not aware of the procedures,” said Ravindra Modi, president of FTAPCCI. It intends to request the government to help them set up a trademark registration office in the city. “As majority of these registrations come from the two states, priority must be given to Hyderabad,’’ he added.