2024

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Geographical Indications of Products in the Global Level and Challenges of India
(Journal of Research in Business and Management, 2024-04-14) Jaffar, Mohamed
A geographical indication (GI) is a symbol used on goods with a specific geographical origin. The sign used in the specified goods possesses qualities, reputation or characteristics attributable to their place of origin. The GI symbol or identity applies to various natural, agricultural, or manufactured products. Such identification conveys an assurance of quality and uniqueness attributable to its origin in a particular geographical locality, region or country. GIs confer to their legitimate users the exclusive rights to use this distinctive designation, which grants it additional economic value. With this GI recognition, the product gains reputation and goodwill worldwide, leading to premium prices in national and international markets. The economic benefits of GI recognition are not just significant, but crucial for a country like India, which is primarily agriculture-oriented. Unfair business practices that violate geographical indications lead to loss of revenue for the genuine owners of the GI and India. If the GIs are not adequately protected, then they may be exploited by dishonest commercial operators. This article highlights the challenges faced by India in getting maximum registrations of GI, and the potential economic benefits that could be unlocked with successful GI recognition.