{"id":39314,"date":"2022-01-15T11:21:22","date_gmt":"2022-01-15T05:51:22","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=39314"},"modified":"2022-01-15T11:21:24","modified_gmt":"2022-01-15T05:51:24","slug":"wbidc-chairman-urges-msmes-to-prioritize-ipr-and-quality-certification","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/wbidc-chairman-urges-msmes-to-prioritize-ipr-and-quality-certification\/","title":{"rendered":"WBIDC chairman urges MSMEs to prioritize IPR and Quality Certification"},"content":{"rendered":"\n<p class=\"has-drop-cap\">At an interactive session conducted by Merchants&#8217; Chamber of Commerce and Industry (MCCI), Rajiva Sinha, the chairman of West Bengal Industrial Development Corporation, has urged the state-based MSMEs to opt for IPR and quality certification. This would aid MSMEs to ensure widespread market reach and attain improved recognition in a given marketplace. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/wbidc-chairman-urges-msmes-to-prioritize-ipr-and-quality-certification\/#Recommendations_made_by_WBIDC_Chairman_at_MCCI_conducted_session\" >Recommendations made by WBIDC Chairman at MCCI conducted session<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/wbidc-chairman-urges-msmes-to-prioritize-ipr-and-quality-certification\/#Why_most_MSMEs_are_having_trouble_in_prioritizing_IPR_strategies\" >Why most MSMEs are having trouble in prioritizing IPR strategies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/wbidc-chairman-urges-msmes-to-prioritize-ipr-and-quality-certification\/#Significance_of_IPR_and_Quality_certification_for_MSME_Sector\" >Significance of IPR and Quality certification for MSME Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/wbidc-chairman-urges-msmes-to-prioritize-ipr-and-quality-certification\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendations_made_by_WBIDC_Chairman_at_MCCI_conducted_session\"><\/span>Recommendations made by WBIDC Chairman at MCCI conducted session <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sinha has urged MSMEs to start\nconsidering IPR as a frontline strategy to stay competitive in the given\nmarketplace. In view of this, these industries must secure patents for products\nthat are innovative and offer enhanced functionality to concerned end-users.<\/p>\n\n\n\n<p>Apart from that, the <strong>WBIDC<\/strong><sup><a href=\"https:\/\/www.wbidc.com\/\"><strong>[1]<\/strong><\/a><\/sup> chairman has urged MCCI to set up an IPR Facilitation center at its premises in Dalhousie to support MSMEs in seeking IPR or similar status. Sinha also clarified that the country&#8217;s leading institutions, including IITs and the Council of Scientific and Industrial Research, are ready to facilitate their technological know-how at free of cost to MSMEs in securing such status.<\/p>\n\n\n\n<p>Since patenting is a tedious and costly\nprocess, the state government shall provide MSMEs with a subsidy of up to Rs 5\nlakh as a supporting corpus to secure such certification. Presently, more than\n80 lakh MSMEs are operating across the state, and the majority of them are\nreluctant to prioritize IPR as their frontline strategy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_most_MSMEs_are_having_trouble_in_prioritizing_IPR_strategies\"><\/span>Why most MSMEs are having trouble in prioritizing IPR strategies?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The MSME sector has a low inclination\ntoward IPR practices and the adoption of quality certificates. Consequently,\nthis prevents them from accessing a broader market and instills a credible\nreputation among the existing customers. <\/p>\n\n\n\n<p>The ever-increasing competition and\nawareness regarding quality products have compelled these industries to adopt\nmore aggressive strategies relating to IPR and quality certification.\nUnfortunately, most MSMEs are falling behind on this front. Disrupted supply\nchain, inconsistent production, and lack of adequate resources are preventing\nMSMEs from prioritizing IPR strategies. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Significance_of_IPR_and_Quality_certification_for_MSME_Sector\"><\/span>Significance of IPR and Quality certification for MSME Sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Quality certification like ISO has a global recognition that allows domestic manufacturers to produce international standard products.<\/li><li>Unlike generic or uncertified products, ISO certified products have more potential to attract customers from domestic as well as international markets. <\/li><li>Upon securing the IPs, <strong><a href=\"https:\/\/corpbiz.io\/msme-registration\">MSME<\/a><\/strong> may license, trade, assign or franchise their IP for financial benefits.<\/li><li>The patent holder can commercially exploit his\/her innovation, which could further translate into additional revenue. Thus, MSME can use this strategy to elevate their growth and business&#8217;s footprint.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There is no denying that the IPR is of paramount importance in the MSME landscape. Most MSMEs lack adequate resources and stable financial support to fulfill their production requirements. This prevents them from prioritizing IPR as their frontline strategy. Given this, the Indian government has introduced several schemes that enable MSMEs to secure IPs in a cost-effective manner. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/msme-registration-for-traders-explained\/\">MSME registration for Traders: Explained<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At an interactive session conducted by Merchants&#8217; Chamber of Commerce and Industry (MCCI), Rajiva Sinha, the chairman of West Bengal Industrial Development Corporation, has urged the state-based MSMEs to opt for IPR and quality certification. This would aid MSMEs to ensure widespread market reach and attain improved recognition in a given marketplace. Recommendations made by [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":39315,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[176],"tags":[2078],"acf":{"service_id":"71"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":3158,"readingTime":2,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/39314"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=39314"}],"version-history":[{"count":5,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/39314\/revisions"}],"predecessor-version":[{"id":39321,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/39314\/revisions\/39321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/39315"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=39314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=39314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=39314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}