Washington: Even as a section of the US’ corporate sector lobbies against India over protection of intellectual property rights, American aircraft major Boeing on Saturday said the country has a strong legal framework to protect such rights.
“In Boeing’s experience, India has a legal framework that is adequate to protect IP with no known cases of IP violation involving Boeing’s activities in the defense and aerospace sector,” the American multinational said in its remarks submitted to US Trade Commission (USITC).
The USITC this week conducted a hearing in connection with its investigation “Trade, Investment, and Industrial Policies in India: Effects on the US Economy”.
The statement from Boeing, which has major investment and research and development centres in India and has received orders worth billions of dollars in the aviation and defense sector, assumes significance in view of the fact that a section of influential American corporate sector has been lobbying at the Capitol Hill and the Obama Administration against India’s intellectual property regime.
15/02/14 PTI/Asian Age
To Read the News in full at Source, Click the Headline
“In Boeing’s experience, India has a legal framework that is adequate to protect IP with no known cases of IP violation involving Boeing’s activities in the defense and aerospace sector,” the American multinational said in its remarks submitted to US Trade Commission (USITC).
The USITC this week conducted a hearing in connection with its investigation “Trade, Investment, and Industrial Policies in India: Effects on the US Economy”.
The statement from Boeing, which has major investment and research and development centres in India and has received orders worth billions of dollars in the aviation and defense sector, assumes significance in view of the fact that a section of influential American corporate sector has been lobbying at the Capitol Hill and the Obama Administration against India’s intellectual property regime.
15/02/14 PTI/Asian Age
