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The World Intellectual Property Organisation (WIPO), a specialised agency of UN, has said that the best solution to stop the software piracy in India, which has reportedly led to a loss of about two billion dollars in revenue last year, is public-private coordination. Software piracy is a huge problem in India. As a result of which many global computer giants are facing the heat worldwide. The best possible way to put an end to software piracy in India is a close coordinated scheme between private and public sectors in the country, Director of Copyright Law at WIPO Jorgen Blomgvist told PTI here. A study by the Business Software Alliance (BSA), an international association representing the global software industry, in May showed that computer software piracy rates in India registered huge monetary losses in 2007. Big companies like Microsoft suffered huge losses due to this menace in India. Even Indian software companies experienced a slash in their profits due to availability of pirated softwares across the country, the Director said, adding that joint policing "is a way out, at least in the short run". In the long run, coordination on a big scale is actually needed apart from stronger copyright laws and monetary punishment for those indulging in piracy, he said. By Ms.Bobby Aanand, Metropolitan Jury.
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