Sign In
  • U.S.
  • International
  • Canada
  • Espau00f1ola
Latest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Reading: Piyush Goyal defends India’s IP record, slams push for ‘evergreening’ patents – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
    • Home 1
  • Categories
  • Legal Talk
  • Bookmarks
  • More Foxiz
    • Sitemap
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Piyush Goyal defends India’s IP record, slams push for ‘evergreening’ patents – World News Network
Business

Piyush Goyal defends India’s IP record, slams push for ‘evergreening’ patents – World News Network

worldnewsnetwork
Last updated: June 10, 2025 12:00 am
worldnewsnetwork
Share
SHARE

Bern [Switzerland], 10 June (ANI): Union Commerce and Industry Minister Piyush Goyal defended India’s intellectual property practices during a press conference with Swiss journalists on Tuesday, challenging pharmaceutical companies to provide evidence of patent violations while criticizing the practice of “evergreening” patents that he said deprives people of affordable healthcare.
Goyal met representatives from Swiss pharmaceutical industry.
“I asked them a simple question, show me one instance where we have illegally copied any of your trademarks or any patent or any of your copyright technology,” Goyal told reporters.
“I was shown none, not one. This is a myth which has been propagated for years,” he said.
The minister emphasised India’s commitment to respecting intellectual property rights, contrasting the country’s approach with what he described as the poor track record of some other nations.
“India is very respectful of intellectual property rights. India is very conscious of its responsibilities, and India is a country known to never, ever steal anybody else’s technology,” he said.
Goyal drew a clear distinction between respecting valid patents and opposing what he termed “evergreening” – the practice of making minor modifications to extend patent life beyond the original term. He argued that India’s position on this issue serves broader humanitarian interests.
“The only thing that India does not permit is evergreening of patents,” he explained.
“During the patent life, there is not a single instance of misuse, but after the patent runs out its tenure, there are unfortunately a few companies or players who make very minor modifications and try to get another extended patent life.”
The Commerce Minister argued that such practices harm consumers globally, not just in developing countries.
“This is depriving even the Swiss people of affordable healthcare. When you do such evergreening, other than benefiting a few handful large companies, you are causing a loss to billions of citizens, not only in Switzerland, but across the world,” he added.
Goyal positioned India’s approach as protecting the rights of both innovators and consumers, arguing that companies should be able to recover their research and development investments during the original patent period without indefinitely extending monopolies.
“We in India believe that our people, as they aspire for a better quality of life, as we grow our economy, deserve quality healthcare at affordable prices, as I believe the Swiss people do,” he stated.
Goyal reported positive engagement with Swiss pharmaceutical companies during the discussions. He credited industry representatives with providing constructive suggestions that have been implemented in India.
“I must thank the pharma companies of Switzerland for their deep understanding and support to this agreement,” the minister said. “They gave me a lot of wonderful suggestions, which I have implemented in India. I’ve earned their trust.”
Goyal expressed confidence about expanding partnerships between Indian and international pharmaceutical companies. He emphasized the mutual benefits of collaboration, particularly India’s large domestic market and potential for global expansion.
“I am confident that in the years ahead, the pharma companies of Switzerland or the EFTA countries or other European and American pharmaceutical companies will work with India as partners and enjoy the fruits of this large 1.4 billion market in India,” he said.
The minister highlighted how affordable pricing strategies could benefit international pharmaceutical companies by opening new markets while serving humanitarian goals.
“With affordable products, they’ll be able to capture global markets, not only for better profits, but also as a service to humanity,” the minister said.
Goyal held high-level meetings with Swiss government officials and business leaders to strengthen bilateral trade and investment relationships. The pharmaceutical sector discussions represent a significant component of broader economic cooperation talks between the two countries.
The minister’s robust defence of India’s intellectual property framework appears to have addressed Swiss industry concerns while establishing clear parameters for future collaboration in the pharmaceutical sector. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Share This Article
Twitter Email Copy Link Print
Previous Article Piyush Goyal invites Swiss firms to join India’s USD 30 trillion economy push by 2047 – World News Network
Next Article ‘Gamerlog’ trailer: Darsheel Safary chases his dream as young gamer in coming-of-age Esports series – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Top Writers

Oponion

You Might Also Like

REC Ltd completes verification of $500 mn and Y=61bn green bond usage – World News Network

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, has successfully completed post-issuance…

4 Min Read

ADB approves $240 million loan for Chennai metro expansion in India – World News Network

The Asian Development Bank (ADB) has approved a USD 240 million loan--the second tranche of the Chennai Metro Rail Investment…

3 Min Read

India poised for next phase of multi-trillion-dollar wealth creation: MoSL – World News Network

India is entering a decisive phase of economic expansion that could redefine wealth creation over the next two decades, according…

4 Min Read

Centre implements Quality Control Orders with relaxations for MSMEs to protect domestic production – World News Network

The Central Government has implemented Quality Control Orders (QCOs) in a manner with exemptions and relaxations for the Micro, Small,…

5 Min Read
Latest World News Update
Copyright © 2024 World News Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?