The government of India has made it mandatory to give preference to the cyber security products which are produced in India by the the companies or start-ups having the intellectual property rights in India.
The notification by the Ministry of Electronics and Information Technology issued this month is based on Public Procurement order 2017 which is released with an aim to enhance income and employment in the country.
As per the rule, the firms claiming to own the IP for the product has to present evidence of the ownership. According to the order, IP registration is not mandatory in the country but a firm claiming benefit should have the right to commercialize and use product without third party consents, modify and distribute it.
As per security firm Innefu Labs, the chances of cyber security market to become the backbone for India’s national and economic security in coming years are very high.
“These are the initial steps to achieve our goals and if the various parts of government can come together to implement this sincerely it may change the course of the future,” said, Tarun Wig, co-founder Innefu Labs.
