Ramila Devi Ram Sing and AK Soniya Priyadharishni
Department of MBA, Bharath University, Chennai, India
Today, the worlds' economy is moving towards globalization. Moreover, the outsourcing becomes a key feature in keeping the manufacturing cost low; in contrast the IPR happens to be relevant determinants of economic growth in long run. Since the embracement of open door policy in India, the country has experience immense transformation by attracting many MNC's (Multinational Corporation's) to be operational. Therefore, there has been a vast technology transfer that has taken place. To what extent it is protected by the IPR's such as the copyright and the patent is an unknown? Thus, this paper examines about the extent of IPR correlated with the intensity of the technology development transfer in Indian herbal industries.
Keywords: IPR, outsoursing, technology transfer.