Comments
The Industry Ministry has prepared a draft National Intellectual Property Right (IPR) Strategy on the basis of the comments received from members of the Sectoral Innovation Council.
However, the draft has not yet been circulated for inter-Ministerial consultation, Minister of State of Commerce and Industry Jyotiraditya Scindia said in a written reply to the Rajya Sabha on Wednesday.
He said that consequent to the TRIPS Agreement, India’s IP laws were amended to incorporate the provisions of the said agreement.
In 2010, the Trademark Act was further amended to enable accession to the Madrid Protocol, which is a filing treaty and will allow companies to register their trademark in the member-countries of the Protocol through a single application.
The Copyright Act, 1957 was amended in 2012. The amended Act which came into force from June 21, includes provisions of the WIPO Copyright Treaty (WCT) and WIPO Performance and Phonograms Treaty.
Scindia said that financial assistance of Rs 25,000 for grant of domestic patent and Rs 1 lakh for grant of international patent is provided to micro, small and medium enterprises.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.