Consequences If India Fails to Act On IPR, Warns U.S. Lawmaker

"India also fails to take adequate steps to address widespread piracy and counterfeiting, and imposes significant discriminatory market access barriers blocking sales of U.S.-made innovative products, and coercing U.S. companies to transfer their technology and intellectual property to local industry," he said.

In the 2014 Special 301 Report released in April, Hatch said the USTR stated, "In the coming months, the United States will redouble its efforts to seek opportunities for meaningful, sustained, and effective engagement on IP-related matters with the new government, including at senior levels and through technical exchanges.

The U.S. trade and investment relationship with India is critical and other countries are watching. I am hopeful that India's new government will recognize that protection of intellectual property rights is an important element of a strong trade and investment policy, the Senator said.

"But if not, we cannot afford to ignore India's current practices, which harm U.S. innovative and creative industries and threaten the stability of the international trading system," Hatch warned.

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