Intellectual Property is the Real Strength of Economic Growth: Dr. Dhanpat Ram

Rohtak, December 18, 2025: Intellectual property has emerged as the strongest foundation of economic growth in today’s era of knowledge, innovation, science and technology, said eminent academician and Director, ITAG Business Solutions Limited, Dr. Dhanpat Ram Aggarwal while delivering an expert lecture at MDU, Rohtak.

The expert lecture on the theme “Role of Intellectual Property and Innovation in Economic Development” was jointly organized by the Faculty Development Centre (FDC), Centre for IPR Studies and the Research and Development Cell of MDU. Dr. Aggarwal emphasized that for India to become a developed, prosperous and self-reliant nation, it must significantly increase its share in the global GDP. This can be achieved by transforming human resources into intellectual property and ensuring effective protection of intellectual property rights.

Dr. Aggarwal further said that a strong intellectual property system rests on five key pillars- creativity, protection, enforcement, commercialization and awareness. He stressed the need for stronger collaboration between academic institutions and industry to promote innovation-led growth. Emphasizing sustainable development, he said that natural resources should be utilized judiciously and not exploited in the name of development.

Presiding over the programme, Vice-Chancellor Prof. Rajbir Singh said that universities must go beyond being centres of knowledge and evolve into hubs of innovation and entrepreneurship. He emphasized the importance of connecting research and technology with society and industry while adopting a “local to global” approach.

The Vice-Chancellor announced the establishment of an IPR Chair and a Technology Transfer Centre at MDU. He said these initiatives would enable faculty members and research scholars to convert their innovations into patents, startups and commercial products.

Earlier, Director FDC Prof. Munish Garg delivered the welcome address. Dean, R&D Prof. Harish Dureja highlighted the relevance of the lecture theme. The programme was conducted by Prof. Divya Malhan. The event was attended by Deans, Directors, Heads of Departments, faculty members, research scholars and students.