National IPR Policy features in PM’s new Make in India campaign
September 26, 2014 17:30 IST
Make in India, a new campaign launched by the Prime Minister of India Mr. Narendra Modi to facilitate foreign direct investment in India is a great initiative by the government to encourage innovation and promote business opportunities in India. This project promises to establish a Dynamic IP regime in the country.
The following strategies are expected to be adopted for ensuring the same:
- Efficient processing of IP applications by inducting additional manpower, augment IT facilities and automation in Intellectual Property Offices;
- Adopt best practices in IP processing;
- Strengthening public delivery of IP services;
- Ensure highest levels of transparency and user-friendliness.
On September 22, the Minister of State for Commerce and Industry, Ms. Niramala Sitaraman met several IP practitioners, experts and stakeholders to gather their inputs on developing a New IPR Policy for India. The ministry plans to put together a draft on India’s IPR policy by the first quarter of 2015, after which it would be made accessible to the public for their comments. We can expect the final document, most probably, by 2015 end or early 2016.
The minister also announced the creation of 1033 posts in various IP offices in the country and enhancement of its infrastructure to facilitate the processing of the applications in an efficient manner.
The filing and examination procedure is also expected to be simplified which would further expedite the entire procedure. Currently it takes approximately four years for a patent application and one year for a trademark and design application to be issued with their first examination report.
All these proposals surely indicate a positive trend contributing towards transparent & speedy processing of IP applications and we expect reduction in number of backlogs at the IPO in next 2 years. Given the developments, India can soon be expected to become an IP hub and thereby attract more business.
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