A group of students from the Gujarat National Law University (GNLU) are in the process of creating a draft which will do the groundwork for the possibility of a “Trade Secrets Act” for the Gujarat government. The Act will help attract more foreign investors into the state.
”The Gujarat government does not yet have a Trade Secrets Policy in place and we are working at creating a policy framework for the same. While the Gujarat government has been very proactive in getting foreign companies to invest in the state, they must realise that unless you have a robust legal regime, which also includes technology of transfer, they will not like to come here. Foreign entrepreneurs are usually concerned if their trade secrets will be protected, otherwise they will not invest. However, we at GNLU are taking a lead in this direction and since it is a state subject, we are coming up with policy paper that will give relevant input to the government. For this, a group of around 10 to 12 students from fourth and fifth year and two of our faculty members started work on the draft in April last year. The students are also taking the help of US embassy officials and some other partners who are helping them glean best practices globally to come up with a draft,” said Bimal Patel, vice-chancellor and director of GNLU at a press conference.
”GNLU is the only National Law University to have undertaken a policy-oriented research on the subject. The institute will soon be in a position to share the policy paper with the state government and also apprise the Union government of the same,” added Patel, who spoke on the sidelines of the official launch of the Intellectual Property Rights Chair at GNLU, which has been established by Microsoft India for a period of five years.
The chair, which will consist of one full-time Professor, a Research Associate and an Administrative Secretariat, along with an Administrative Assistant, will develop suitable academic research projects; provide a framework for analysing the impact of IPR Law and policy on development and growth of the Indian economy and disseminate knowledge and information on IPR Law and Policy through outreach programmes.