With reference to the National Intellectual Property Rights Policy, consider the following statement

Question

With reference to the National Intellectual Property Rights Policy, consider the following statements:It reiterates India’s commitment to the Doha Development Agenda and the TRIPS Agreement.Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.Which of the above statements is/are correct?

Accepted Answer

The Union Cabinet approved the National Intellectual Property Rights (IPR) Policy in 2016 that will lay the future roadmap for intellectual property in India. This policy shall weave in the strengths of the Government, research and development organizations, educational institutions, corporate entities including MSMEs, start-ups and other stakeholders in the creation of an innovation-conducive environment, which stimulates creativity and innovation across sectors, as also facilitates a stable, transparent and service-oriented IPR administration in the country.The 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. Hence statement 1 is correct.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. Hence statement 2 is correct.