In order to improve margins and profit, Engineering Export Promotion Council (EEPC) of India has urged engineering exporters to adopt intellectual property rights (IPR).
The industry body is going to set up an IPR cell under the aegis of the upcoming Kolkata Technology Centre. The aim of this cell would be to facilitate Micro- Small and Medium Enterprises (MSMEs) in obtaining IPR, provide training and arrange awareness campaigns whenever required.
Meanwhile, EEPC India Chairman Ravi Seghal said that the adoption of IPR to protect the innovative ideas and strategies is required in a highly competitive global economy, where pressure on businesses to follow IPR is increasing by the day and more so from the large markets of the developed countries.