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Friday, Feb 08, 2002

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`Stronger global IPRs will impact foreign investment'

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A STRONGER global intellectual property rights (IPRs) regime would have an impact on foreign investment, technology transfer and pricing under enhanced market power. This was stated by the Chairman, Law Commission of India, Mr Justice M Jagannadha Rao, while inaugurating a workshop on `Enhancing awareness of intellectual property in export-oriented industries' organised by the Waterfalls Institute of Technology Transfer, here. He said that there was need to construct complementary initiatives on market liberalisation and competition rules and fixed priorities.

Mr Justice Rao said that the establishment of the World Trade Organisation (WTO) as a result of institutionalisation of international framework of trade called for harmonisation of several aspects of Indian law to IPRs.

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