NEW DELHI, Feb 23:
The Commerce and Industry Ministry will approach the Union Cabinet to seek its nod for the national Intellectual Property Right (IPR) policy.
“The draft note is under circulation for inter-ministerial views. Within 15 days, the ministry will approach the Cabinet to get the approval,” a ministry official said.
A Government-appointed think-tank on IPR has prepared the draft policy, which seeks to encourage innovation by providing tax incentives and modifying intellectual property rights.
The national IPR policy has been formulated with the mission to foster innovation, accelerate economic growth, generate employment and entrepreneurship, the official said.
Besides, it aims at protecting public health, food security and environment, among other areas of socio-economic importance. (PTI)
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