June 21, 2024 16:19 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Renukaswamy murder: Darshan Thoogudeepa borrowed Rs. 40 lakh from friend, paid other accused to destroy evidence, say cops | Liquor policy case: Delhi HC stays Arvind Kejriwal's bail till ED plea hearing | Narendra Modi leads nation in observing 10th International Day of Yoga, participates in main event in Srinagar | Pune woman hangs from building edge holding a man's hand just for an Instagram reel. Read here | BJP's Bhartruhari Mahtab appointed Pro Tem Speaker, Congress calls it 'first mistake'
Cabinet approves National Intellectual Property Rights Policy

Cabinet approves National Intellectual Property Rights Policy

| | 13 May 2016, 06:16 pm
New Delhi, May 13 (IBNS) The Union Cabinet on Thursday approved the National Intellectual Property Rights (IPR) Policy that will lay the future roadmap for intellectual property in India.

The policy recognises the abundance of creative and innovative energies that flow in India, and the need to tap into and channelise these energies towards a better and brighter future for all.

The National IPR Policy is a vision document that aims to create and exploit synergies between all forms of intellectual property (IP), concerned statutes and agencies.

"It sets in place an institutional mechanism for implementation, monitoring and review. It aims to incorporate and adapt global best practices to the Indian scenario. This policy shall weave in the strengths of the Government, research and development organizations, educational institutions, corporate entities including MSMEs, start-ups and other stakeholders in the creation of an innovation-conducive environment, which stimulates creativity and innovation across sectors, as also facilitates a stable, transparent and service-oriented IPR administration in the country," read a government statement.

The Policy recognizes that India has a well-established TRIPS-compliant legislative, administrative and judicial framework to safeguard IPRs, which meets its international obligations while utilizing the flexibilities provided in the international regime to address its developmental concerns.  It reiterates India’s commitment to the Doha Development Agenda and the TRIPS agreement.

While IPRs are becoming increasingly important in the global arena, there is a need to increase awareness on IPRs in India, be it regarding the IPRs owned by oneself or respect for others’ IPRs. The importance of IPRs as a marketable financial asset and economic tool also needs to be recognised. For this, domestic IP filings, as also commercialization of patents granted, need to increase. Innovation and sub-optimal spending on R&D too are issues to be addressed.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.