India, Britain sign MoUs on IPR, ease of doing business

India and the UK on Monday signed two memorandums of understanding (MoUs) on increasing cooperation in intellectual property rights (IPRs) and ease of doing business.
●    Both the MoUs were exchanged in the presence of Prime Ministers Narendra Modi and her British counterpart Theresa May.
●    The MoU on IPR was inked between the Department of Industrial Policy and Promotion (DIPP) and the Intellectual Property Office of the United Kingdom (UKIPO).
●    It is intended to promote innovation, creativity and economic growth in both countries, an official statement said.
●    It establishes a broad and flexible framework through which both countries can exchange best practices and work together on training programmes and technical exchanges to raise awareness on IPRs and better protect intellectual property rights.
●    The MoU on ease of doing business will harness UK expertise to support India's efforts to climb the World Bank Ease of Doing Business ratings.