The Role of Intellectual Property Rights in Technology Transfer in the Context of Engineering Sector

Abstract

After the enactment of Agreement on Trade Related Aspects of Intellectual Property Rights, 1994, the value of technology transfer has assumed much importance. It is a matter of great concern that whether the stronger Intellectual property protection can ultimately reap rewards in terms of greater innovation and increased technology diffusion. India has a vast network of publicly owned research and development facilities. The numerous laboratories under the Council of Scientific and Industrial Research umbrella, the IITs, the IISc, TIFR etc, produce world class research in various technology areas of importance to mankind. This paper focuses on role of intellectual property rights in technology transfer particularly for developing countries. In addition to this, Contribution of IPR in the context of engineering sector also is being discussed.

Keywords: Engineering Sector, Intellectual Property, Innovation, Inventor and Technology.