• About us
  • Contact us
  • Our team
  • Terms of Service
Sunday, January 25, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Indian pharma firms not copying products, India respect IP rights, says Goyal

Press Trust of india by Press Trust of india
June 11, 2025
in BUSINESS
A A
0
FacebookTwitterWhatsapp

Bern:  Dismissing allegations that Indian pharmaceutical companies copy products of Swiss firms, Commerce and Industry Minister Piyush Goyal on Tuesday said it is a long-standing myth and India respects intellectual property rights and never steals technology from others.

He said that Swiss pharmaceutical companies have not shown even a single instance that Indian companies have illegally copied any of their trademarks or patents or copyrighted technology.

More News

Trade agreements opening up new opportunities for youth: PM Modi

Indian crew world’s most abandoned seafarers in 2025, union figures show

Andhra Pradesh DISCOMs notch improvement in national power utility rankings

Load More

“I was shown none, not one. This is a myth which has been propagated for years,” Goyal told reporters here when asked about complaints of Swiss pharma companies on the issue.

“India is very respectful of intellectual property rights (IPRs). India is very conscious of its responsibilities, and India is a country known to never, ever steal anybody else’s technology,” he added.

He informed that India does not permit the ever-greening of patents.

There are, unfortunately, a few companies or players who make very minor modifications and try to get another extended patent life.

“Now that is depriving even the Swiss people of affordable health care. That is causing pharmaceutical products … even after the patent life during which the profits have been made, the R&D and innovation money has been recovered. When you do such ever-greening, you are causing a loss to billions of citizens, not only in Switzerland but across the world,” Goyal said.

The ministry has earlier also criticised attempts by certain firms to secure pharmaceutical patents through minor incremental innovations.

Section 3(d) of the Indian Patents Act, 1970 restricts patents for already-known drugs unless the new claims are superior in terms of efficacy, while Section 3(b) bars patents for products that are against public interest and do not demonstrate enhanced efficacy over existing products.

Certain multinational firms have asked India to amend these laws, which was strongly opposed.

Ever-greening of patent rights is a strategy allegedly adopted by the innovators having patent rights over products to renew them by bringing in some minor changes such as adding new mixtures or formulations. It is done when their patent is about to expire. A patent on the new form would have given the innovator company a 20-year monopoly on the drug.

The minister also said that the pharma companies of Switzerland have a deep understanding and support for the India-EFTA trade agreement.

“They gave me a lot of wonderful suggestions, which I have implemented in India. I’ve earned their trust, and I am confident in the years ahead, the pharma companies of Switzerland or the EFTA countries or other European and American countries will work with India as partners and enjoy the fruits of this large 1.4 billion market in India, and with an affordable product, they’ll be able to capture global markets, not only for better profits, but also as a service to humanity,” Goyal said.

He said that India has been able to improve its IPR processes, reduce the burden of compliances, and speed up the approval processes.

“Not a single instance of wrongdoing was brought to our attention by any pharma company,” he said.

He added that the Indian market provides huge opportunities for the pharma firms of the world.

“And I’m informed by the pharma companies that they are also really not looking at evergreening of patents. So I think there was no misunderstanding between the pharma companies or the governments of the EFTA countries or the UK and India,” he said.

The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.

Previous Post

World Bank retains India’s FY26 growth at 6.3% amid global uncertainties

Next Post

FM asks regulators to expedite refund on unclaimed deposits, streamline KYC

Press Trust of india

Press Trust of india

Related Posts

Trade agreements opening up new opportunities for youth: PM Modi

Pahalgam terror attack: PM Modi steps up diplomatic offensive against Pak
January 24, 2026

New Delhi: Prime Minister Narendra Modi on Saturday said India is entering into trade and mobility agreements with various nations...

Read moreDetails

Indian crew world’s most abandoned seafarers in 2025, union figures show

Saloora, Wani join PDP along with hundreds of supporters
January 24, 2026

London:  Indians are the most abandoned nationality of seafarers for the second consecutive year as 1,125 cases of abandonment were...

Read moreDetails

Andhra Pradesh DISCOMs notch improvement in national power utility rankings

January 24, 2026

Amaravati: Andhra Pradesh's power distribution utilities have recorded a marked improvement in national performance rankings, with two state-run DISCOMs climbing...

Read moreDetails

How a Ladakh lover from US, coach Natalie Falsgraf giving back to local community through her figure skating expertise

January 23, 2026

Leh (Ladakh): Figure skating coach Natalie Falsgraf is a romantic to all intents and purposes. An American citizen, she first...

Read moreDetails

Markets tanks nearly 1 pc amid widespread sell-off; Sensex slips below 82K

Market turmoil leaves investors poorer by more than Rs 4.4 lakh crore
January 23, 2026

Mumbai: Equity benchmark indices Sensex and Nifty resumed their downward journey to end nearly 1 per cent lower on Friday,...

Read moreDetails

Rupee hits all-time low of 92/USD; settles at 91.90 against US dollar

Despite CIC orders, PMO refuses info on black money brought from abroad
January 23, 2026

Mumbai: The rupee hit a historic low of 92-a-dollar on Friday and gained marginally to settle at 91.90 against the...

Read moreDetails
Next Post
India loves celebrating and recognising its diversity: Finance Minister Sitharaman

FM asks regulators to expedite refund on unclaimed deposits, streamline KYC

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.