Indian IT firms look West for patents
At a time when the debate on intellectual property rights (IPR) has taken center stage globally, current Indian patent laws have ensured an outflow of innovation and ownership registration in the information technology (IT) sector.
Patents and the creation of intellectual property rights assume importance for IT companies given that their competitive edge comes from their ability to innovate services.
To this end, Indian IT companies such as the largest Indian service provider, Tata Consultancy Services (TCS) place high importance on their patent portfolio. “TCS has increased its patent filings consistently in the last four years — from 25 during FY07 to 90 during FY10,” said a TCS spokesperson.
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