U.S. urges India to attract biotech investment through banking and patent changes

09/16/2004 | Forbes

U.S. trade negotiators are urging India to relax some of its banking laws and strengthen patent regulations in hopes of encouraging U.S. banks and biotechnology and pharmaceutical companies to invest in the country. All are nervous about investing because of the India's weak patent laws, which are to be upgraded, but not until the first of the year.

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