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Meeting halfway

New intellectual property rights policy a step forward

Business Standard Editorial Comment  |  New Delhi 

The long-awaited national intellectual property rights (IPR) policy approved by the Cabinet last week tries to address some - albeit not all - of the major concerns of the global innovation-based industry and India's large trading partners like the US.

Its stipulation to revamp and expand the institutional framework to protect IPRs, speed up approvals of patents and trademarks and put in place an overall IPR system largely on a par with global standards keep this end in view. Yet, going by their initial reactions, many of the pharmaceutical companies and other intellectual property ...

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First Published: Wed, May 18 2016. 21:41 IST
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