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Domestic tech security firms get priority in govt. purchases
News:
- Recently, the Ministry of Electronics and Information Technology has notified that it will give priority to locally produced cyber-security products where intellectual property rights are owned by companies or start-ups incorporated or registered in India
Important Facts:
- In India, IP Registration is not mandatory. However, a firm which claims benefit should have the right to use, modify and commercialize the product without third-party consent.
- The notification is based on Public Procurement (Preference to Make in India) Order 2017. The Order aims to enhance income and employment in the country
- The mandate is expected to promote indigenous cyber-security products and protect India’s information space and yield economic benefits
