Excelsior Correspondent
JAMMU, Aug 4: PHD Chamber of Commerce and Industry (PHDCCI) in collaboration with the Ministry of MSME organized the Ist Steering Committee meeting here to discuss the calendar of events to be organized for promotion of Intellectual Property Rights in J&K and also to educate MSMEs on the importance and benefits of IP.
It was underlined during the meeting that IP has acquired unprecedented importance, and issues relating to the generation, evaluation, protection, and exploitation of IP systems have become crucial for the success of MSMEs. IPRs essentially protect brands, inventions, designs, creative, and literary works from being copied and commercially exploited by third parties.
Speaking on the occasion, G Velladurai, Joint Director, MSME-DFO, Jammu appreciated the initiative taken by PHD Chamber of Commerce and Industry to assist Industry members in protecting their Intellectual Property. He mentioned IPR is a very important topic for industry as innovation is a significant criteria for Industrialists now from economic and commercial point of view. In order to protect innovations, knowledge about intellectual property is must. This is the need of the hour to create awareness about IPR among Industry members and general public at large so that they may safeguard their ideas and leverage the benefits of their Intellectual Property, he added.
Rahul Sahai highlighted the services of PHDCCI IPFC Jammu & Kashmir in order to popularize the IP services among MSMEs and Start-ups in J&K and encourage them for filing of IP rights. He further apprised about the importance of IP for MSMEs and Start-ups to be ahead in the competition. He highlighted how IPRs help MSMEs to sustain themselves in business and compete with big players.
Mohit Jain, Chairman, MSME Committee, PHDCCI informed that to help MSMEs and Startups in the region, PHDCCI has set up an IP Facilitation Centre at Jammu under the aegis of Ministry of Micro, Small & Medium Enterprises ( MSME), GoI and is providing all IP related services like Trademarks, Patents, Copyrights, Designs and Geographical Indication, etc.
Addressing the Session Saheel Yaqoob Allaqband, Assistant Director, MSME-DFO, Srinagar apprised about the various Government Schemes for IPR promotion. He informed that the Ministry of MSMEs provides reimbursements for granted patents, GIs, Designs and Trademarks. For foreign patents, maximum financial assistance of Rs 5.00 lakhs is provided for each granted foreign patent and for domestic patent, maximum financial assistance is Rs. 1.00 lakh. Similarly, for GI, Design and Trademark, the maximum financial assistance provided are Rs 2.00 lakh, Rs. 15,000 and Rs. 10,000 respectively. He further mentioned that a financial support of Rs. 70,000 is provided for conducting offline IPR promotion programs and Rs. 5.00 lakhs for organizing Regional/ State/ National level workshops.
The meeting was attended by Samar Dev Singh, Co-Chair, Jammu Chapter, PHDCCI; Vasant Chandra, Head – Trademark Prosecution, Sidharth Dogra, Arush Mahajan, Lalit Mahajan, Prof B K Bajaj, Laksh Puri, Harry Walia, Muhammad Arooj, Kanchan Zutshi and others.
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