1 June, 2016
Government of India has approved the National Intellectual Property Rights (“IPRs”) Policy which is stated will lay the future roadmap for intellectual property in India. The Policy has the following objectives:
- IPR awareness and promotion: Outreach and Promotion – To create public awareness about the economic, social and cultural benefits of IPRs among all sections of society.
- Creation of IPRs – To stimulate the generation of IPRs.
- Strong and effective legal and legislative framework, consistent with national priorities and international obligations and which balance the interests of rights owners with larger public interest.
- Strengthening IP administration and management of IP rights and user oriented services.
- To get value for IPRs by augmenting commercialization.
- To facilitate effective and speedy adjudication and promote awareness and respect for IPRs by strengthening enforcement and adjudication mechanisms for combating IPR infringements.
- Strengthening and expanding human capital development, institutions and capacities for teaching, training, research and skill building in IP.
The National IPR 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.
For further information, please contact:
Seema Jhingan, Partner, Lex Counsel Law Offices
sjhingan@lexcounsel.in
