The Cabinet has approved India’s first National Intellectual Property Rights (IPR) Policy. The Finance Minister said the policy is guided by seven objectives, including IPR public awareness, generation of IPRs, human capital development and strong law enforcement. Further, the window for trademark registration will be reduced to one month by 2017. The National Intellectual Property Rights (IPR) Policy will endeavour for a “Creative India; Innovative India”. The policy will now cover music, films and industrial drawings along with books.
The Policy lays down the following seven objectives:
- IPR Awareness: Outreach and Promotion: To create public awareness about the economic, social and cultural benefits of IPRs among all sections of society.
- Generation of IPRs: To stimulate the generation of IPRs.
- Legal and Legislative Framework: To have strong and effective IPR laws, which balance the interests of rights owners with larger public interest
- Administration and Management: To modernize and strengthen service-oriented IPR administration.
- Commercialization of IPRs: Get value for IPRs through commercialization.
- Enforcement and Adjudication: To strengthen the enforcement and adjudicatory mechanisms for combating IPR infringements.
- Human Capital Development: To strengthen and expand human resources, institutions and capacities for teaching, training, research and skill building in IPRs.
These objectives are sought to be achieved through detailed action points. The action by different Ministries/ Departments shall be monitored by DIPP which shall be the nodal department to coordinate, guide and oversee implementation and future development of IPRs in India.
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