Ladas & Parry LLP

INDIA’S NEW NATIONAL INTELLECTUAL PROPERTY RIGHTS POLICY

On May 12, 2016 India published its National Intellectual Property Rights Policy (National IPR Policy) to raise awareness about the importance of IPR’s as a tool for financial and economic advancement. The mission of the National IPR Policy is to support innovation and creativity as a way of augmenting socio-economic and cultural development leading to the promotion of entrepreneurship as well as access to areas of economic, technological and social importance such as environmental protection, food security and healthcare.

 

 

The policy sets out seven objectives to achieve this mission, summarized as follows:

Objective 1:  IPR Awareness-Outreach and Promotion

Objective 2:  Generation of IPRs

Objective 3: Legal and Legislative Framework

Objective 4: Administration and Management

Objective 5: Commercialization of IPR

Objective 6: Enforcement and Adjudication

Objective 7: Human Capital Development

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