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NATIONAL IPR POLICY: A STEP TOWARDS AN INNOVATIVE INDIA
The introduction of any policy defines the entire purpose and vision of the frame-makers of that policy. In this case the law makers have rightly given the ethos of the First National IPR Policy of India which exclaims the slogan “Creative India, Innovative India”. On 12th May, 2016 the Union Cabinet of India approved the country’s first IPR Policy which lay the future roadmap for intellectual property in India.
This visionary policy aims to create and exploit synergies between all forms of Intellectual Property, its concerned statutes and agencies. The policy seeks to recognize the abundance of creative and innovative energies that flow in India, and the need to tap into and channelise these energies into a better and brighter future.
The Policy lays down seven objectives which are required to be followed in order to achieve its prophetic goals. These objectives are:
(1) IPR Awareness: To create public awareness about the economic, social and cultural benefits of IP among all sections of society for accelerating development, promoting entrepreneurship, enhancing employment and increasing competitiveness.
(2) Generation of IP: To stimulate the creation and growth of intellectual property through measures that encourage IP generation.
(3) Legal and Legislative framework: To have strong and effective laws with regard to IP rights which balance the interests of rights owners with public interest.
(4) Administration and Management: To modernize and strengthen IP administration for service-oriented IP management
(5) Commercialization of IPRs: To augment commercialization of IP rights; valuation, licensing and technology transfer.
(6) Enforcement and Adjudication: To strengthen the enforcement and adjudicatory mechanisms for combating IPR infringements.
(7) Human Capital Development: To strengthen and expand human resources, institutions and combating IPR infringements.
The above objectives, if achieved, shall strengthen the monitoring and implementation process of registration of the IPRs. The Department of Industrial Policy & Promotion (DIPP) will be the nodal agency to co-ordinate, guide and oversee implementation and future development of IPR’s in India.
While IPRs are becoming increasingly important in the global arena, this National IPR Policy is a much needed legislation required to establish a proper judicial framework for safeguarding the innovation of creators. This policy highlights the importance of IPR knowledge in India and suggests ways and means to create awareness of the same. There has been quite a disparagement of this policy with the regards to its idealistic views nevertheless; this step of Government is surely a welcome change required in India to establish a framework to stimulate Intellectual Property amongst the creators and innovators.
Contributed By : Ferzin Daboo (Advocate)
Designed By : Vikash Singh