US Chamber asks India to tweak IPR policy to improve global ranking

India needs to tweak its policy on intellectual property rights (IPR) and focus on making IP licensing more seamless to facilitate knowledge and technology transfer within the local economy, said Patrick Kilbride, senior vice-president of the Global Innovation Policy Centre at the US Chamber of Commerce.

India moved up by just one place to the 42nd position at the International IP Index 2023, with no change to the 2022 index score of 38.64%, raising serious concerns about enforcement of IP rights in India and resolution of IP-related disputes, the US Chamber of Commerce said in a report released globally on Tuesday.