The National IPR Policy will lay the future roadmap for intellectual property in India. It is a vision document that aims to create and exploit synergies between all forms of intellectual property (IP), concerned statutes and agencies. It sets in place an institutional mechanism for implementation, monitoring and review. It aims to incorporate and adapt global best practices to the Indian scenario.
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.
While IPRs are becoming increasingly important in the global arena, there is a need to increase awareness on IPRs in India, be it regarding the IPRs owned by oneself or respect for others’ IPRs. The importance of IPRs as a marketable financial asset and economic tool also needs to be recognised. For this, domestic IP filings, as also commercialization of patents granted, need to increase.
The Policy lays down the following objectives:
• IPR Awareness– 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.