Agriculture, Agroindustry; Chemical Industry; Construction, Mining, Transport; Electrical, Electronics, Telecommunications; Energy; Environment; Food; Industrial Logistics, Services; Measurement, Cont, Artificial Intelligence, Balancing PATENTS & Affordable DRUGS, Business Administration, Business Models, Business Networking, Business Owner, Business Plans, Business Relationships, Business Strategy, Business-To-Business, IPR Companies, Digital Agencies, Ecommer, strategic business advice, Uncategorized

Balancing PATENTS & Affordable DRUGS

Pharma Sector in India is caught in the debate over the enforcement of Intellectual Property Rights (IPR) and access to affordable medicines. Affordable drugs are necessary and is a matter of great concern for the healthcare system. There is a need to refine the Drug policy in India in the light of growing concerns about patent filing in the pharma sector and access to cheap medicines.

Enforcement of Intellectual Property Rights encourages companies to invest in research and development. Most companies invest in research and development so that they can reap profits from the product developed. Patenting the product or process ensures that others do not replicate the concerned product to gain a share of the potential profits. But the critics of enforcement of intellectual property rights in the pharma sector argue that patents encourage monopolies. The pharmaceutical companies who patent drugs can sell those drugs at quite high prices because of no competition involved in the marketing of the drug.

The incomplete understanding of intellectual property rights (IPRs) is the real issue that India’s drug industry is facing. Currently, only 5% of medicines used in India are said to be patent-protected. Breakthrough therapies are being developed in the world but why these therapies are not made available to India but are being introduced in other countries?

It is observed that the new drugs and therapies encounter delay in marketing approval in India despite their global launch. Moreover the new drugs that are launched in India are produced and sold as generic versions by Indian manufacturers within one year of their introduction. Generic medicines are the copies of brand name counterparts of drugs originally developed by other companies. The rapid appearance of generic versions of medicines and delays in marketing approval display a lack of faith in the patent regime.

Patents are important in innovative sectors like pharmaceutical industry as they provide incentives for companies to invest in those sectors. Investment in innovation, research and development is an essential component of supporting an innovative and enterprising economy.

In order to link medical innovation with affordable treatment  a supportive role by the Government is required. The government should design a price-control mechanism without tampering the grant of patents. The government should deploy tools to reduce uncertainty in Intellectual Property Rights and to build an ecosystem that promotes medical innovation. We must achieve a balance between the current and future needs of patients and the timely introduction of existing and new pharmaceutical drugs.

Agriculture, Agroindustry; Chemical Industry; Construction, Mining, Transport; Electrical, Electronics, Telecommunications; Energy; Environment; Food; Industrial Logistics, Services; Measurement, Cont, Business Administration, Business Models, Business Networking, Business Owner, Business Plans, Business Relationships, Business Strategy, Business-To-Business, IPR Companies, Digital Agencies, Ecommer, Geological Survey of India (GSI), Indian Mining industry, Innovation in the Mining Sector, Mining Exploration Corporation Limited (MECL), Mining Industry Of India, strategic business advice

Innovation in the Mining Sector

India is a mineral rich country. The Mining Industry contributes significantly to the economy of India and provides basic raw materials to many important industries.  The distribution of minerals in India is uneven and many areas are yet to be fully explored. Exploration activities in India are mostly carried out by Geological Survey of India (GSI), Mining Exploration Corporation Limited (MECL), various State Directorates of Geological Mining (DGMs), public sector undertakings (PSU) and private sector entities both domestic and subsidiaries of many global companies.

India total land area 3.2875 million sq. km out of which, GSI has identified 0.571 million sq. km. as Obvious Geological Potential (OGP) area for minerals.

What are the reasons to invest in Mining Sector?

India has vast mineral potential  and Under the “Make In India Initiative” there is an ease of doing business in India.

For the companies interested in mining or for the raw material for their industry, Mining Lease & Licence grant  is done through auctions.

An Inter-ministerial Group facilitator is established by law for expediting the clearances and approvals in India.

The Geological Survey of India (GSI) has identified about 100 blocks for the exploration companies to venture into the revenue share model as enabled by the National Mineral Exploration Policy, 2016.

Mining leases in India are granted for longer and stable tenure of 50 years.

The demand for various metals and minerals is growing substantially. The recent innovations in the mining sector in US are:

US 9638017 B2

Title: Batch solution mining using lithological displacement of an evaporite mineral stratumand mineral dissolution with stationary solvent

Assignee: SOLVAY SA (Brussels, BE)

Publication Date: 2 May 2017

Abstract:

Batch initiation and/or exploitation phases of in situ solution mining of a mineral from an underground evaporite mineral stratum. The initiation phase may comprise a lifting step which employs a lithological displacement (lifting) of this stratum from an underlying non-evaporite stratum with application at the strata interface of a lifting hydraulic pressure greater than overburden pressure by a solvent suitable to dissolve the mineral; a soaking step for dissolution of mineral upon contact with stationary solvent, and a brine extraction step. The method may further comprise one or more exploitation phases carried out after the initiation phase. The exploitation phase may comprise a partial filing or filling step with the same solvent or different solvent than during lifting, another soaking step, and another brine extraction step. The lifting, cavity partial filing/filling, and brine extraction steps are being discontinuous. The evaporite mineral stratum preferably comprises trona.

2.) US 9822013 B1

Title: Selective mining enhanced recovery process

Assignee: Innovare Technologies Ltd. (Carlyle, CA)

Publication Date: 21 Nov 2017

Abstract:

Some embodiment of the present disclosure include a method and method for recovery of solution mined minerals. The method may include creating superheated steam using a steam boiler; passing the superheated steam through a turbine/generator to generate electricity; reheating the steam exiting the turbine/generator to saturation with a steam reheater; using the saturated steam with an absorption chiller to create chilled water; and recovering minerals using the chilled water in a cooling crystallizer system. In embodiments, the method and system may be used to recover minerals, such as potash (KCl), washing soda (Na2CO3.10H2O); nahcolite (NaHCO3); and glauber salt (NaSO4.10H2O). The method may utilize the trigeneration of steam, electrical, and chilled water utilities, which may be used for a recovery process.

3). US 9803458 B2

Title: Solution mining using subterranean drilling techniques

Assignee: TRONOX ALKALI WYOMING CORPORATION (Stamford, CT, US)

Publication Date: 31 Oct 2017

Abstract:

A method of solution mining a subterranean mineral ore deposit such as trona ore in which a borehole is drilled from a subterranean mechanically-worked mineral ore mining operation to connect a mineral ore bed to be solution mined, using subterranean drilling apparatus located proximate to the mechanically-worked mineral ore mining operation. The mineral ore bed is isolated from the mechanically-worked mineral ore mining operation by passage of the drilled borehole through an impermeable layer adjacent to the mineral ore bed to be solution mined. The mineral ore bed is then solution-mined using a mining solvent introduced into the mineral ore bed to solubilize the mineral and form a mining solution, and the resulting mining solution is withdrawn from the mineral ore bed.

4). US 20170325052 A1

Title: Method and Apparatus for Protecting a Miner

Assignee: Strata Products Worldwide, LLC (Sandy Springs, GA, US)

Publication Date: 9 Nov 2017

Abstract:

An apparatus for protecting a miner from injury by a machine in a mine includes an explosion-proof housing. The apparatus includes a proximity sensing portion disposed in the explosion-proof housing having a magnetic field source which produces a magnetic field that is used to sense a location of the miner relative to the machine. The apparatus includes a wireless communication portion disposed in the explosion-proof housing through which the magnetic field produced by the magnetic field source is changed remotely and wirelessly from outside the explosion-proof housing. A method for protecting a miner from injury by a machine. A system for protecting a miner from injury by a machine in a mine

5). US 20170291178 A1

Title: SYSTEM AND METHOD FOR COLLECTING HEAVY MINERALS

Assignee: Vortex Technology, LLC (Reno, NV, US)

Publication Date: 12 Oct 2017

Abstract:

The invention relates to a method and system for the environmental remediation of materials that are contaminated with heavy minerals, such as heavy metals. The invention finds utility in removing heavy minerals from materials such as soils, sediments, mine tailings and ores. The invention provides a means for removing heavy minerals from contaminated materials without the use of water while reducing the generation of dust. Thus, the invention provides an environmentally friendly method for the remediation of sites that are contaminated with heavy minerals.

The recent patents filed in the mining sector in India are:

201727036276

Title: MODIFIED MINERAL BASED FILLER COMPRISING COPPER SALTS

Assignee: OMYA INTERNATIONAL AG

Omya is a leading global producer of industrial minerals, mainly fillers and pigments derived from calcium carbonate and dolomite, and a worldwide distributor of specialty chemicals.

Publication Date: 12 Oct 2017

Abstract:

The present invention relates to a modified mineral based filler comprising at least one alkaline earth metal carbonate comprising material and at least one water insoluble copper salt comprising the copper mineral malachite in an amount of at least 10 wt. % which covers at least partially the surface of the at least one alkaline earth metal carbonate comprising material and a method of producing the same.

2). 201737036976  

Title: JAW CRUSHER MINERAL MATERIAL PROCESSING PLANT AND METHOD FOR PROCESSING MINERAL MATERIAL

Assignee: METSO MINERALS INC.

Metso Minerals Industries, Inc. manufactures and offers equipment, services, and process solutions to quarrying and aggregates production, mining and mineral processing, construction contractors and civil engineering industries.

Publication Date:  17 Oct 2017

Abstract:  

A jaw crusher a mineral material processing plant and a method for processing mineral material. The jaw crusher (100) comprises a fixed jaw and a movable jaw for forming a crushing chamber (3) therebetween which is open at the top the fixed jaw comprising a first wear part (1 ) mounted thereto and the movable jaw comprising a pitman (4) and a second wear part (2) mounted thereto; wherein the pitman (4) is rotatably mounted to a first eccentric shaft (8). The pitman (4) is further rotatably mounted to second eccentric shaft 9 configured to guide the stroke of the movable jaw to create a movement pattern with a substantially linear crushing stroke wherein the eccentricity of the second eccentric shaft (9) is larger than that of the first eccentric shaft.

3). 201717023428

Title: PLANT AND METHOD FOR RECOVERING METALS AND/OR METAL OXIDES FROM INDUSTRIAL PROCESS WASTE IN PARTICULAR REFINERY WASTE

Assignee: SAIPEM S.P.A.

SAIPEM is one of the global leader in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market.

Publication Date: 29 Sept 2017

Abstract:

A plant (1) for recovering metals and/or metal oxides from industrial process waste in particular oil product refining waste comprises a furnace (2); a feed line (30) connected to a main inlet (12) of the furnace for feeding the furnace with a solid waste containing metals in particular in oxide form; an outlet line (18) connected to a solid phase outlet (17) of the furnace for drawing a metal enriched solid phase out of the furnace; the furnace is a belt conveyor furnace (2) having a belt conveyor (9) closed in a loop with a substantially horizontal configuration and having a top face (11) which receives the waste to treat and conveys it between two longitudinal opposite ends (7 8) of the belt conveyor furnace (2) respectively provided with the main inlet (12) and the solid phase outlet (17).

4.) 201747012798

Title: AN UNDERGROUND MINING SYSTEM FOR REDUCED COSTS IMPROVED EFFICIENCIES HIGHER PRODUCTIVITY AND A SAFER WORKING ENVIRONMENT THROUGH PENETRATED BLOCK EXTRACTION

Assignee: UNDERGROUND EXTRACTION TECHNOLOGIES PTY LTD

Publication Date: 21 April 2017

Abstract:

The present invention relates to a mining method including the step of forming one or more sets of gate roads. Each set of gate roads includes at least two headings typically for providing and retuning ventilation. Dead end plunge cuts extend from the sets of gate roads. Each plunge cut is formed with a continuous miner coupled to a flexible conveyor system. Each plunge cut is greater than 30 metres in length. Advantageously narrow elongate pillars may be left between adjacent plunge cuts thereby resulting in greater material removal per volume and improved operating costs when compared with bord and pillar mining.

5). US 201717031232

Title: PROCESS FOR REMOVING HEAVY METALS FROM HYDROCARBONS

Assignee:  PETROLIAM NASIONAL BERHAD (PETRONAS)

Petroliam Nasional Berhad (PETRONAS) is Malaysia’s fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500®.

Publication Date: 4 Sept 2017

Abstract:

This invention provides a process for removing mercury, from a mercury-containing hydrocarbon fluid. More specifically, the invention relates to a process for for the removal of mercury from a mercury-containing hydrocarbon fluid feed comprising the steps of: (i) contacting the mercury-containing hydrocarbon fluid feed with a metal perhalide having the following formula: [M]+[X]- wherein: [M]+ represents one or more metal cations wherein the metal has an atomic number greater than 36; an atomic radius of at least 50 pm and a 1st ionization energy of less than 750 kJ mol-1; [X]- represents one or more perhalide anions; and (ii) obtaining a hydrocarbon fluid product having a reduced mercury content compared to mercury-containing hydrocarbon fluid feed.

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Company Legal Services to Startups in India

Company Legal Services to Startups in India

“If people are willing to bet on a lot of crazy notions, knowing that while some won’t work out, one breakthrough can change the world”.  – Bill Gates

What is a Startup?

As defined by Department of Industrial Policy & Promotion (DIPP)Startup means an entity, incorporated or registered in India :

  • Not prior to seven years, however for Biotechnology Startups not prior to ten years,
  • With annual turnover not exceeding INR 25 crore in any preceding financial year, and
  • Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

“Build something you believe in — because that’s the first step to building a great brand.”

At the initial stages of setting up any organization, every entrepreneur is faced with a large number of challenges. All these challenges are hefty reminders that owning and Running a successful business is definitely not easy. It’s worth it though!

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“Don’t aim for 10% improvement. Make it radically better and different.”

Before diving into the deep sea, founders should know that every legal decision they take has a potential to impact the company’s partners, investors, employees and customers. Therefore, it is essential that the founders develop an understanding of basic legal principles and practices associated with building a business.

Tax Laws and the Basics of Accounting

Every organization in the world, be it involved in any kind of  business as to pay taxes to the Central, State and/or local/provincial government(s), as the case may be. It is essential for every new entrepreneur to be aware about accounting details and tricky lanes of the taxation world. An aspiring entrepreneur should have sector and area-specific knowledge of taxation because the taxes applicable to different sectors, geographical regions and/or products vary greatly and it is obligatory to be acquainted with any recent changes that have taken place.

Structuring the business-Choosing the type of venture

The most important thing before pulling up a startup is selecting a legal form of conducting business. It is indispensable to determine whether you want to have a private limited company, public limited company, partnership firm, or a limited liability partnership, depending on your long-term goals and vision.

Each form of business will be governed by separate principles and laws. Not complying with the relevant laws means hefty sums will have to be paid to the Government. Thus, heavy loss before you can even start making profit.

Labour and Employment Laws

When you start an organization, you will eventually have to hire new people.

Even if you plan to have independent consultants and contractors working with you or outsource, all these employee-employer relationships will be governed by labour legislations. Breaching these will not only harm you financially but would also harm your goodwill, even before it’s built!

Securities Laws

Securities laws regulated by the Securities and Exchange Board of India (SEBI), will assist in managing the various stages of life cycle of business including fund-raising. Foreign direct investment, angel investors, crowd funding, venture capitals and even joint ventures are areas that a new entrepreneur must be aware about. It will help increase the profitability of the organization.

Information Technology (IT) laws

Today in this highly-digitalized, and technologically advanced era you inadvertently need the knowledge of Information Technology (IT) laws before starting a new business in order to protect your confidential data from any infringers or hackers.

Corporate governance

Despite being a small organization, a sound knowledge about corporate governance and management will help an aspiring entrepreneur in effectively managing the organization and formulate further expansion plans.

Contract laws 

A business survives on contracts. No organization would come into existence without the use of contracts. Therefore, basic knowledge regarding fundamental principles of  contracts, arbitration, mediation, conciliation certainly helps!

Intellectual property laws

Legally protecting intellectual property is of supreme importance to any business. Hence, filing the right patent/trademark/copyright claims, and timely IP audits of your organization, would increase the profitability of your venture manifold.

Thus, in order for an entrepreneur to sail his ship of business smoothly, a decent knowledge about some of the important legal laws mentioned above is of utmost important.

“ Find the perfect business idea and start building your business today. Build the enterprise and the brand as if you’ll own them forever.”\

We at Tech Corp International Strategist (TCIS, India) have an expert team of Indian lawyers who assist Startups with patent, business brand, trademark and logo registration in India.

List of legal services offered by Tech Corp International Strategist (TCIS, India) to Startups in India-

    • Incorporation of different types of Companies,
    • Formation (procedure) of Companies,
    • Financing the Companies,
    • Filing of various forms and Returns with the Authorities,
    • Promotion of a Company,
    • Contracts and Conversions,
    • Transfer and Transmission of Securities,
    • Intercorporate Loans and Investments,
    • Audits,
    • Economic and Commercial Laws,
    • Investments in India,
    • IPR,
    • Transfer of Property,
    • Stamp Duty,
    • Contracts and Agreements,
    • Society,
    • Trusts,
    • MSME,
    • Insurance,
    • Registration of Documents,
    • Cost and Management Accounting,
    • Labor Cost,
    • Material Cost
    • Activity Based Costing,
    • Cost records,
    • Budgetary Control,
    • Cost Audit,
    • Tax,
    • Charges,
    • Residential Status,
    • Various heads under which total income is calculated,
    • Deductions from income Calculation of Tax of HUF/Companies etc,
    • Procedure adopted for Assessment,
    • Tax Planning,
    • Wealth Tax Act,
    • International Taxation,
    • Service Tax/ Sales Tax/ VAT