Intellectual Property is a catalyst for the progress of J&K: LG 
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Intellectual Property is a catalyst for the progress of J&K: LG 

Emphasises role of Intellectual Properties in economic growth 10 handloom & handicraft, 5 agri products in J&K receive GI tags

Post by RK News on Friday, December 1, 2023

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Jammu, Nov 30: Commending the collaborative efforts of the Ministry of Micro, Small & Medium Enterprises and PHD Chamber of Commerce and Industry, Lieutenant Governor Manoj Sinha emphasised the significance of creating awareness about Intellectual Property Rights for fostering innovation and economic growth.
Inaugurating the two-day National-Level Intellectual Property Rights conclave, 'IP Yatra,' today in Jammu, Lt Governor Sinha stated, "IP Yatra conclave will lead the way for MSMEs, innovators, and startups to effectively use various instruments of Intellectual Property Rights, such as GI tags, patents, trademarks, copyrights for protection and development of their trade and businesses."
Highlighting the commitment of the J&K Administration to foster innovation and promote intangible assets like Intellectual Properties and Geographical Indications, he mentioned that 10 handloom & handicraft products and five products of Agriculture & Allied Sector in the Union Territory have received GI tags, benefiting the community and boosting economic growth.
Sinha added, "I consider Intellectual Properties as a catalyst for the progress of J&K, and we are developing a robust Research & Development and legal framework for its protection. The IP facilitation centre of the UT will provide handholding to entrepreneurs, MSMEs, startups in filing IPRs and assist innovators in the registration process."
Emphasising the importance of commercializing intellectual property, Lt Governor Sinha urged stakeholders and young entrepreneurs to pay special attention for commercialization of intellectual property”.
“We must nurture the growth of IPs to fully realise the potential and achieve the goal of Creative India, Innovative India,” he said.
He also shared the key initiatives of the Universities and Higher Educational Institutions of the UT to promote innovation and startup culture in Jammu Kashmir.
Among others present included Vikramjit Singh, Commissioner Secretary Industries and Commerce Department; Rahul Sahai, Chair PHDCCI Jammu; DP Goel, Co-Chair MSME Committee, PHDCCI, Sh Gaurav Gogia, Principal Associate, United & United; representatives from Industries, MSMEs and Startups; entrepreneurs researchers, and students were present.

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