2. I thank Prof. V.K. Walia, Dept. of Zoology and Dr. Jayanti Dutta, Academic Staff College, Panjab University for providing me this opportunity to share what I have been doing and what I have learned.
45. What we (India) have lost ? In a study conducted in 2000, 4,896 patents were granted by US PTO on medicinal plants, 80% on which were on plants of Indian origin . In a study of 760 such patents, it was found 350 patents should have never been granted.
46. What we (India) have lost ? On an average, it takes 5 to 7 years to oppose a granted patent internationally
47. What we (India) have lost ? On an average it costs Rs 1-3 crore to oppose a granted patent internationally.
48. What we (India) have lost ? India, till now, has lost over 15,000 patents of medicinal plants to the West