![]() Financial Daily from THE HINDU group of publications Saturday, Jun 01, 2002 |
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Agri-Biz & Commodities
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IPR Government - Policy Cabinet clears accession to UPOV Convention Our Bureau
NEW DELHI, May 31 THE Union Cabinet on Friday approved India's accession to the International Union for the Protection of New Varieties of Plants (UPOV) Convention, 1978 Act. Briefing newspersons after the Cabinet meeting, Mr Pramod Mahajan, Minister for Parliamentary Affairs, IT and Telecommunications, said that India's accession to this Convention would facilitate greater investment in plant breeding activity in the country as it would provide for the protection of new varieties on internationally accepted standards. This would also help breeders to get protection of the new plant varieties in other countries with minimum formalities and cost, Mr Mahajan said. The Minister also said that this would obviate the need for the country to enter into a large number of bilateral agreements with other countries for mutual recognition of plant breeders' rights. The Cabinet also approved the ratification of the International Treaty on Plant Genetic Resources for Food and Agriculture.
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