IPFC will encourage small businesses, increase JK’s footprint in global marketplace: Sinha
Precious Kashmir News
Srinagar, Oct 27: Lieutenant Governor, Manoj Sinha Tuesday inaugurated Intellectual Property Facilitation Centre (IPFC) at Jammu and Sub-Centre at Srinagar through virtual mode.
Speaking on the occasion, the Lt Governor observed that the initiative is a move forward by the Government to promote awareness and adoption of Intellectual Property Rights amongst entrepreneurs and MSMEs in J&K.
Highlighting Government’s initiatives for development of economic sector in J&K, the Lt Governor said that the UT government is making untiring efforts for the promotion and growth of Micro, Small & Medium Enterprises and all those associated with the sectors. Some recent steps taken by the government are sure to uplift the sectors in a short period of time.
The Economic Package announced recently and allied 83 measures have brought some respite to the industries in the region. Once announced, the Industrial Package would revolutionize the industries in here, he added.
In order to improve competitiveness of local industry post abrogation of toll tax at Lakhanpur, we are also taking 20 key steps that will not only enable the industry to become competitive, but also flourish in times to come and become more competitive not only in this region but also at the national level, said the Lt Governor.
The Lt Governor expressed his gratitude to the PHD Chamber of Commerce & Industry and the Ministry of Micro, Small & Medium Enterprises for this initiative of promoting and safeguarding Intellectual Property Rights in this Union Territory. I’m sure it will encourage small businesses and increase J&K’s footprint in the global marketplace, he added.
Speaking on promoting self employment, the Lt Governor underlined the need to safeguard the innovations of entrepreneurs through Trademark and Patent laws and help them sustain in competitive global market. This facility would also help in promoting our local crafts. Both the Centres will provide help to the entrepreneurs with respect to IPR and GI Tags, he added.
He stressed on the need to generate awareness among stakeholders and devise simple mechanisms to ensure that the benefits of the IPR reach start-ups, village industries and people associated with the MSMEs.
The UT government has recently signed a MoU with Flipkart to help connect the entrepreneurs to the global market.