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What is significance of Geographical Indication Registration?

What is significance of Geographical Indication Registration?

Significance of Geographical Indication Registration

Such identification enables the product to gain a reputation and goodwill all over the world, consequently resulting in premium prices in national and international markets.

Recognition of a particular commodity as a Geographical Indication also confers the right to protection under the Geographical Indication Act, 1999, thereby preventing an unauthorised use of the commodity registered as GI by any third party.

Geographical Indication registration encourages community ownership and therefore it helps in proper distribution of the economic benefits accrued from commercialisation of the commodity across a wider section of people in that territory.

A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a given place.

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