Is the Patents Bill Good for India?

Yes I think that Patent bill is good in India. Patent is basically for the protection of invention and methods of an individual as well as it encourage our society. So it is great step to make a country develop.

Yes the patent bill might be good to country & the world as well but it has several side-effects on the developing nations. Developing nations lack funds 2 carry out research on their traditional knowledge. Developed nation with their capital research traditional knowledge of a developing nation & then commercially exploit it by taking a patent based on that traditional knowledge.

Hello friend.

I am agree patient bill is important in India growth like fame, money, and leading in global market all so. It is all so important about the inventor and premot them to invent new product, technology and other things.

Thanks.

Hi friends. I support all of your views that patient bill is important. It is important for development new technology. Because if patent bill isn't there someone's invention is theft by other. And the inventor will not get the right price of his/her work. But though it have some bad side also. For example in pharma industry some company invented a new medicine of a certain disease their is no competition they can hike the product price as they will and the sufferer will be the common people. So the patient bill is needed but government must monitor the companies new inventions should be reached our common people properly.

It is good for any budding talent and will promote entrepreneurship. Which is what any densely populated and developing country like India will need. But government must also see that it doesn't leads to any form of black marketing. 1 IDEA from my side "it should be allowed to be produced by others with some amount of profits to be paid to its respective entrepreneur" this will avoid monopoly and the deserving will get its due credit.

Patent bill will promote entrepreneurship which is the need of densely populated and developing country like India, but certain provisions should be made to avoid any kind of monopoly which might lead to black marketing. Some rules can be made like some some share of profit to be given to its entrepreneur by others producing the same stuff. This will help both.

According my point of view Patent bill is good for India. As it encourages inventor to discover or invent new things in medicine. It helps poor student to show their talent through new invention as well as remove various critical disease of human being. The duplicate medicine can be easily identified. But for poor people the govt of India should make relaxation in patent bills.

I think patent bill for any country is of utmost importance and so is for India. India being a land of art & culture, this assumes even greater importance. In the absence of patent bill a person's zeal to invent is also killed. Also in the absence of patent bill our skilled resources would be shifting to other countries to get their invention patented and to showcase their talent. But for those inventions which benefits the society at large, patenting is not required. In that case the person should be allowed to receive a certain part of profit but must not be given exclusive right so that everyone enjoys the benefit of innovation.

I think most of the time the inventor don't have capability in terms of finance or business knowledge even though his invention is fabulous and can prove a boon for society so patent and involvement of mnc will help the invention in reaching the masses.

India is known for 'Jugaad' & brilliant mind which leads to development of new thing (we call it invention). So patent will prove good for India and Indian people. To control its disadvantage proper monitoring is required.

Hi Friends, According to me patent bill is really a good of India. We know Indians have very brilliant mind. They always try to invent new things and they also do that. Patent bill help them to encourage their talent. But care should be taken. Because some times they will take disadvantage for their invention. So government should be take care in this direction. Government Will see everyone will take advantage of new invention.