SRINAGAR: Lieutenant Governor Manoj Sinha inaugurated the two-day National-Level Intellectual Property Rights conclave ‘IP Yatra’ at Jammu, on Thursday.
In his address, LG Sinha stated that he views intellectual property as a driving force behind J&K’s development and that the state is creating a strong framework for research and development as well as legislation to safeguard it. “The IP facilitation center of the University of Technology will support startups, MSMEs, and entrepreneurs in registering their ideas and filing for intellectual property rights.”
The Lt Governor applauded the Ministry of Micro, Small & Medium Enterprises and PHD Chamber of Commerce & Industry for their collective effort to create awareness about Intellectual Property Rights and its critical role in fostering innovation and economic growth.
“IP Yatra conclave will lead the way for MSMEs, innovators and Startups to effectively use the various instruments of Intellectual Property Rights such as GI tags, patents, trademarks, copyrights for protection and development of their trade and businesses,” the Lt Governor said.
At the inaugural session, the Lt Governor reiterated the commitment of the J&K Administration to foster innovation and promote intangible assets like Intellectual Properties and Geographical Indications for unique products of the Union Territory.
He said as many as 10 products of handloom & handicraft and five products of Agriculture & Allied Sector have received GI tag and it will benefit community as well as boost the economic growth of Jammu Kashmir.
The Lt Governor impressed upon all stakeholders and young entrepreneurs to pay special attention for commercialization of intellectual property. “We must nurture the growth of IPs to fully realize the potential and achieve the goal of Creative India, Innovative India.”
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.
