In the changing global scenario, the issues of IPR have gained special importance for the Micro, Small & Medium Enterprise (MSME) sector. IPR protection plays a key role in gaining competitive advantage in terms of technological gains for achieving higher economic growth in a market driven economy. It is felt that IPR requires greater understanding and attention by the industry, particularly the MSME sector in India. The "National Manufacturing Competitiveness Council (NMCC)" which visualized a National Manufacturing Competitiveness Programme (NMCP) to enhance the competitiveness of the SMEs sector. One of the components of the NMCP is "Building Awareness on Intellectual Property Rights (IPR)" for the MSME. Accordingly, to enable the MSME sector face the present challenges of liberalization, various activities on IPR are proposed under this scheme. Intellectual Property (IP) refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.
The Centre, while aiming to strengthen in general the competitiveness of MSMEs so that they can become a part of the global business community, will specifically endeavour to build greater awareness among MSMEs about IPR issues and provide insights to them on the complex mechanism of creation, ownership, and protection of Intellectual Property.
To become the coadjutor of choice for MSMEs if they want to create, manage and protect their IP portfolios so as to successfully tackle the challenges posed by the rules and regulations of international trade stemming from such bodies and frameworks as the WTO and TRIPS.