Govt. to provide financial aid to agencies for promoting GIs

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Govt. to provide financial aid to agencies for promoting GIs

The government will provide financial aid to agencies that are involved in initiatives for the promotion of Geographic Indications GIs products. The Department for Promotion of Industry and Internal Trade DPIIT has issued operational guidelines for financial assistance for initiatives for the promotion of GIs. DPIIT is an arm of the commerce and industry ministry that deals with investments and intellectual property rights. IPR is a type of IPR that is primarily an agricultural, natural or manufactured product handicraft and industrial goods originating from a definite geographical territory. Such a name conveys an assurance of quality and distinctiveness, which is largely attributable to the place of its origin. The famous goods that carry the GI tag include Basmati rice, Darjeeling Tea, Chanderi Fabric, Mysore Silk Kullu Shawl, Kangra Tea Thanjavur Paintings Allahabad Surkha, Farrukhabad Prints, Lucknow Zardozi and Kashmir Walnut Wood Carving. In accordance with the objectives of the national IPR policy, the Government of India will provide financial assistance to eligible agencies to undertake initiatives for Promotion of GIs, which aims to raise awareness of significance of GIs and its uniqueness, promoting registered Indian GIs and promoting stakeholders towards registration, the DPIIT said in a note. It said the objective is to provide varied platforms to GI stakeholders thereby giving them ample opportunities for business development and income generation. It said that initiatives would include capturing the socioeconomic status of GI goods producers, their livelihood conditions and other related information, which would help in devising suitable policy interventions. It said that the financial assistance will be extended to eligible agencies as 100 per cent grants in aid for initiatives for promotion of GIs. The amount of the assistance will be disbursing will be subject to actual expenditure or head-wise maximum permissible amount whichever is less for grants-in aid as mentioned in the operational guidelines. The department may jointly with Indian diplomatic missions and its agency and India's apex industry chambers to promote GIs in the country as well as abroad, according to the department's initiatives for the promotion of GIs within the country and abroad. A person or company can't sell a similar item under a GI tag if a product gets a GI tag. This tag can be renewed for a period of 10 years after which it can be renewed. The GI registration benefits include legal protection for the item, prevention against unauthorised use by others, and promotion of exports.