(iv) Intellectual Property Rights- India's intellectual property rights regime is now of global standards, and the country counts among the largest reservoirs of R&D talent.

The IPR has embarked on a journey for delivering services to the public, leading to the creation of a highly transparent, enabled, efficient and Intellectual Property ecosystem in India that provides legal certainty to the industry. The World Intellectual Property Organization recognized the Indian Patent Office as an International Searching Authority and an International Preliminary Examining Authority. With this India has joined an elite group of 17 countries.

(v) Start-up India- the innovative Startup India, Standup India campaign would help to catalyze technology and entrepreneurship linkages. India is the world's third largest startup hub with over 3100 startups after USA and UK. Further, India has entered into free trade agreements with several countries and regions which facilitate its participation in global supply chains. The India-ASEAN FTA has recently been upgraded from goods to services and investments.

He stated that given the above backdrop, it is imperative that planners in industry and academia chart out a roadmap towards creation of a knowledge society which shall, in turn, nurture and propel a powerful and dynamic economy. We must recognize that a strong economy can emerge only on the bedrock of a knowledge society which is possible only when we actively recognize and create synergies between industry and academia.

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