‘Make in India’ charts manufacturing-led growth, says Chaitanya Prasad

‘Make in India’ charts manufacturing-led growth, says Chaitanya Prasad

KOLKATA: The ‘Make in India’ campaign initiated by Prime Minister Narendra Modi means Indian economy will shift from services-led growth to labour-intensive manufacturing-led growth, said Patents, Designs and Trademarks controller general Chaitanya Prasad at the Confederation of Indian Industries (CII) seminar.

Urging the industry to opt for the intellectual property rights (IPR), Prasad said that the Indian industries get their products patented.

“It is the IPR that will determine the country’s progress and the Indian industry should move towards the Madrid System as it is used widely,” Prasad

Highlighting that the biggest concern was lack of awareness, Prasad said that India could not reap the benefits of registering and protecting trademarks (TM), globally. “While there are 11,000 TM designations from abroad, the number of Indian applications was about 185,” he said.

Hoping that India would catch up with the rest of the world, Prasad said the patent filing system had been made online and available 24x7.