USIBC Clarification on Compulsory Licensing in India
In light of the recent reports in the media regarding the U.S.-India Business Council’s (USIBC) submission to the United States Trade Representative (USTR) on India’s stance on compulsory licensing, the Council would like to clarify its position on this matter. USIBC recognizes and supports the Government of India’s sovereign right to issue a compulsory license (CL). However, in order to attract investments that are imperative for innovation to thrive in India, the Council and its members seek transparency, consistency and clarity in the legislation and circumstances under which such compulsory licenses can be issued so as to enable well-informed business decisions.
Innovation is the bedrock of Prime Minister Modi's vision for Make in India, Start Up India, and Digital India. USIBC and its members commend the Government of India for its openness to engage in a dialogue with the industry in a manner that will that grow the economy and bring superior innovation to the lives of Indians.
Contact: Sukanya Sen | firstname.lastname@example.org