The Government is drawing up the contours of a national Intellectual Property Rights (IPR) policy and its implementation will provide an impetus to growth, Union Minister Ram Vilas Paswan said on Friday.
The Department of Industrial Policy and Promotion (DIPP), under the aegis of the Ministry of Commerce and Industry, had in 2014 prepared and circulated the draft IPR policy and sought public comments. The final policy is being worked out. “The national IPR policy is in the offing and we hope that withthe release of this policy, India will get the much-needed push in its economic growth and socio-economic developmental agenda,” Paswan said at an event on ‘Illicit Trade’ organised by industry body Ficci here. India’s role as a global economic powerhouse and status of an investment destination are increasingly linked to its ability to ensure IPRs are protected with strong IPR rules and enforcement of laws and regulations, the minister said.