National IPR Policy
The National IPR (Intellectual Property Rights) Policy is a vision document of the Indian government that aims to push innovation and entrepreneurship and also make IPRs a marketable commodity. The policy complies with the World Trade Organization’s TRIPS agreement. Under the policy, existing IP laws will be reviewed and modified wherever necessary to weed out anomalies and discrepancies. The national IPR policy is wholly compliant with WTO’s Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). There will be special focus on creating IP awareness and effective implementation. As per the policy, the Department of Industrial Policy and Promotion (DIPP) will be the nodal agency for implementing the IPR policy. Start-ups will also be encouraged under this policy. It will even cover sectors like music, films and industrial drawings.