For example, product companies like Ramco, TCS, Infosys, i-flex, Sasken, and Subex are nurturing and building strong IP cultures. Indian software services companies are of acquiring patents on the innovative products and technologies. Now realizing the importance of patenting, companies are creating culture of innovation. Though the IPR regime in the country is far weaker than desired, it’s evolving and awareness among Indian enterprises is increasing. The Indian IP scenario has undergone huge transformation over the last three decades. Patent is one such protection that makes your innovation safer. The innovation should be protected or should be safe so that others cannot copy it.
It is widely recognized that innovation plays a critical role in leadership in such industries. The outsourcing of important business activities such as software development to India has also brought up the possibility of India becoming one of the leading countries in knowledge-based industries. Sustained economic growth over more than a decade has raised visions of India becoming one of the largest and most important economies in the world.
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