India and the UK have a strong relationship, built through our shared culture, ideas, language and technology. 1.5 million British nationals are of Indian origin, and we support over half a million jobs in each other's economies. These common links, along with a young and growing consumer base, mean that there are more and more opportunities for UK businesses across a range of industries in India. In 2021 alone, UK's trade with India totalled £8.4 billion. Given the 1.4 billion population, e-commerce in India is experiencing an exponential increase with a predicted 21.5% increase in 2022 with a turnover of £60 billion and is projected to reach £100 billion by 2025. Most of the industry growth is due to increased internet and smartphone penetration. (source:www.globaldata.com) With its vision of becoming a global innovation hub, India is an ideal market for UK technology innovators to export their innovations with a special focus on sustainable technologies. If you plan to do business in India, or manufacture your product here, it is essential to know how to manage and enforce your IP as private property rights. IP rights are territorial, and you may need to register your rights in India through: - an international process which allows you to file in several countries at once; or
- an application to the office in India responsible for granting IP rights.
The IPO has published the IP in India country guide, providing information on how to register your rights in India. DIT has also published a wider guide on how to minimise business risk in India. |
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