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Indian National IP Policy Update

BananaIP Counsels > Intellectual Property  > Indian National IP Policy Update

Indian National IP Policy Update

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It has been reported in the Business Standard on May 26, 2015, that the final version of the National IP Policy is expected to be delayed. The delay is due to pending comments and inputs from 3 important ministries: Ministry of Finance, Ministry of Health and Family Welfare, and Ministry of External Affairs. No inputs have yet been given by Departments of Pharmaceuticals and Commerce.

The delay is not surprising, and is probably good for India. The first draft of the policy was far from integrative, cohesive and lucid, and one hopes that time is being spent well on making it a respectable and worthy statement of India’s stand on Intellectual Property. Irrespective of the final outcome, however, one must accept that the draft has spurred discussions and debates about important IP issues, and heightened hopes for speedy transformation of some lax systems.

SiNApSE will keep you posted of further developments.

Source: here

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