India is racing to upgrade its creaking IP infrastructure. Will the improvements be fast enough to ensure a timely accession to the Madrid Protocol and satisfy the demands of domestic and international rights holders?
To many international intellectual property owners, India, with its complex laws and regulations, may seem overwhelming. Statistics paint a picture of a country where piracy is rampant, cyber-squatting is rife and effective protection is a pipe dream.
That’s why both domestic and foreign corporations welcome India’s pending ratification of the Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks, an international agreement for the registration of trademarks in a number of countries by means of a single application known as the Madrid Protocol.
The Lok Sabha, the lower house of the Indian parliament, passed the Trade Marks Amendment Bill, 2009, on 18 December to facilitate India’s ratification of the protocol. It now awaits approval from the Rajya Sabha, the upper house, and presidential assent.
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