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Cabinet approves national IPR policy, DIPP to be nodal agency

The Cabinet has given its nod to the national Intellectual Property Right (IPR) policy, saying it endeavours to ring in a “Creative India; Innovative India”.

Through this policy, the government aims to lay the roadmap for intellectual property (IP) in the country, recognise innovative energies, exploit synergies between all forms of IP, create awareness on benefits of IP, and enhance access to healthcare, food security and environmental protection, among others.The policy also emphasizes the importance of development of human capital.

Starting 2017, trademark registration will take only one month

The Department of Industrial Policy & Promotion (DIPP) will be the nodal department to co-ordinate, guide and oversee implementation and future development of IPR’s in India.  Copyright laws will also be administered by DIPP Instead of HRD ministry.   

Reacting to this, Kiran Mazumdar Shaw said, considering the start-up community in India is thriving, this is a welcome move. She said the country has a good track record on licensing and should take care that innovators are not put at loss.

Transcript to follow…