Abstract
Respecting intellectual property rights is one of the basic prerequisites for creating an innovation and R&D based value-added manufacturing sector in any country. Agrochemicals have been chosen as one of the champion sectors. But how can India be a global supply hub without harmonizing with global regulatory policies and practices? This paper is aimed at establishing the benefits of both patent and data protection for Indian agriculture and Indian industry. Many Governments appointed Committees and also the Parliamentary Standing Committee for Agriculture (2008-09), after detailed deliberations and interaction with all stakeholders and all sections of industry, have recommended protection of regulatory data (PRD). This is to encourage introduction of new molecules for the Indian farmers, and to honour India’s obligation under the TRIPs agreement. The recommendations by such eminent authorities should not be overlooked. Almost all countries of the world give PRD for 6–15 years for any molecule registered for the first time in their country.
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