Protection of Traditional Knowledge and Geographical Indications in India and How It Reflects in Business Valuation
Author : Dr. M Santhakumar, Dr. C Pramila and Dr. Felcy Christinal
Abstract :
Traditional knowledge (TK) and geographical indications (GIs) represent valuable intangible assets that embody the cultural, social, and economic heritage of India. In the global knowledge economy, these forms of intellectual property play a vital role in safeguarding indigenous practices while generating significant commercial value for local communities and businesses. This paper analyses the legal framework governing TK and GIs in India, evaluates their contribution to brand equity and business valuation, and highlights accounting and financial reporting challenges associated with recognizing such assets. Using case examples of Darjeeling Tea, Kanchipuram Silk, and Aranmula Kannadi, the study emphasizes that effective protection and valuation of TK-based products enhance corporate sustainability, market differentiation, and rural development.
Keywords :
Traditional Knowledge, Geographical Indications, Intellectual Property Rights, Business Valuation, India, Intangible Assets.
