New Delhi: The Cabinet is likely to take up for consideration a national intellectual property rights (IPR) policy tomorrow. “Cabinet may take up the issue tomorrow,” sources said. Commerce and Industry Minister Nirmala Sitharaman had recently said the policy would soon be placed on the agenda of the Cabinet.
The national IPR policy has been formulated with the mission to foster innovation, accelerate economic growth, generate employment and promote entrepreneurship.
Besides, it aims to protect public health, food security and environment, among other areas of socio-economic importance.
Developed countries like the US have time and again raised concerns over India’s IPR laws, particularly related to solar and pharmaceutical sectors.