Trade Secrets In India: Need For A Comprehensive Regulatory Review

Co-authored by Ms. P. Vennela, a student of 4th year B.A.LL.B, from Amity Law School, Delhi.

Increasing globalization riding on Information and Communication technology has been rapidly changing the canvas of financial system in the country. Ever increasing Innovations and the attendant business volumes in various fields have made the environment further more challenging necessitating a review and relook of the regulatory and administrative framework relating thereto. Intellectual Property Rights (IPRs) is one tool in the hands of innovators to value their contribution to wealth creation and to protect them from unscrupulous competition. While substantial focus of stakeholders has been there on IPRs like Patents, Copyrights, Trademarks, etc., Trade secret is one IPR which has not got the adequate attention from the policy makers in India in proportion to its potential.