INDIA’S NEW NATIONAL IP RIGHTS POLICY RAISES AWARENESS OF IP RIGHTS AS A MEANS OF ECONOMIC ADVANCEMENT

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 this 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:

1. Objective 1:  IPR Awareness: Outreach and Promotion
2. Objective 2: Generation of IPRs
3. Objective 3: Legal and Legislative Framework
4. Objective 4: Administration and Management
5. Objective 5: Commercialization of IPR
6. Objective 6: Enforcement and Adjudication
7. Objective 7: Human Capital Development

Read our Education Center article on India’s New National Intellectual Property Rights Policy.

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