India needs better IPR laws, enforcement: Glaxo
Friday, 29 April 2011, 17:44 IST
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London: India needs better Intellectual Property Rights (IPR) laws and an improved enforcement of these, pharmaceutical giant GlaxoSmithKline's Chief Executive Andrew Witty said today. "Our concern is that there should be a better Intellectual Property Rights Framework and better enforcement of the Framework in India," Witty said, adding that "having IPR framework is critical." The chief executive also said, "The Drugs Price Control Order (DPCO) in India is redundant and more price competition is better for the consumer. India is a brilliant example of hyper competition." Witty had met Indian Prime Minister Manmohan Singh during his visit to Delhi late last year. He, however, had not raised any of these issues with Singh.
Source: PTI