Role of Intellectual Property Rights for Transformation of MSMEs in Post COVID-19 Era

The unmatched fluctuations that are caused by the COVID-19 are tossing to significant grounds and prospects for MSMEs sectors by adaptation and adoption of innovative strategies for business sustainability. COVID-19 crisis time is very crucial to undergo with transformation of MSMEs to robust economic sustainability. The globalization and technological advancement have played a very important role in protection Intellectual Property Rights for MSMEs to meet unbeatable development. Promotion of IPR leads to research and development and set an example for innovation and economic growth. Even though the knowledge and facts about IPR in India is yet to flourish in good number and also community need more support and knowledge for acquiring of IPR. To protect and to foster the MSMEs, IPR for an invention is essential. The research and innovation should be in constant way in all the aspects MSMEs can create a wide range of opportunities for holistic development and it can support for the Atmanirbhar i.e., Vocal for Local