India, and the US have signed Memorandum of Understanding on Intellectual Property cooperation. Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry signed the MoU yesterday with US Patent and Trademark Office, Department of Commerce of the US.
Cabinet in its meeting on 19th February this year gave the approval for signing the MoU with USPTO in the field of IP Cooperation. The MoU aims at increasing IP co-operation between the two countries. It will facilitate exchange and dissemination of best practices, experiences and knowledge on IP among the public, and between and among the industry, universities, research and development organizations, and Small and Medium-sized Enterprises.