Key Points
NEW DELHI: India is preparing a framework to reward the industry and academia for developing copyrights, trademarks and patents in technical textiles, which are meant for non-aesthetic purposes..
The textiles ministry has proposed 10 years of exclusive rights for the industry to commercialise the intellectual property (IP) if their funding contribution is at least 50% in projects funded under the National Technical Textiles Mission (NTTM)..
Similarly, the industry would get exclusive rights for two years for contributing at least 10% in the projects...
In case of IP purely owned by an industry based on which an academic or public-funded institution is involved in a joint project, any new IP generated by the academic institution may be licensed for two years to the industry on an exclusive basis, according to the draft that ET has reviewed..
As per the draft, the government will recover through royalties the industry's contribution made in projects for indigenous manufacturing of machinery, tools and equipment for technical textiles along with the financial contribution of 50% of the total project cost..
