With reference to the 'National Intellectual Property Rights Policy', consider the following statements: 1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement. 2. Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India. Which of the above statements is/are correct?

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CollectorBabu · Accepted Answer

Correct Answer: Both 1 and 2. ● National Intellectual Property Rights Policy was approved by the Indian cabinet in 2016 to ensure compliance to the Doha Development Round and TRIPS Agreement. ● The National IPR Policy is a vision document that aims to create and exploit synergies between all forms of intellectual property (IP), concerned statutes and agencies. It sets in place an institutional mechanism for implementation, monitoring and review. ● Department of Industrial Policy and Promotion (now DPIIT) is the nodal agency for regulating intellectual property rights in India. The Cell for IPR Promotion & Management (CIPAM), set up under the aegis of DIPP, is to be the single point of reference for the implementation of the objectives of the National IPR Policy.

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