New Delhi: The Commerce and Industry Ministry on Friday constituted a six-member think tank to draft the National Intellectual Property Rights Policy.
The panel, to be chaired by retired Justice Prabha Sridevan, will identify areas in the Intellectual Property Rights (IPRs) where study needs to be conducted and furnish recommendations in this regard to the ministry, an official statement said.
The expert group set up by Department of Industrial Policy and Promotion (DIPP) will also advise the government on best practices to be followed in Trademark Offices, Patent Offices and other Government Offices dealing with IPR in order to create an efficient and transparent system of functioning in the said offices.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
As per the term of reference, it would provide views on the possible implications of demands placed by the negotiating partners and prepare periodic reports on best practice followed in foreign countries.
It will keep the government regularly informed about the developments taking place in IPR cases which have an impact upon India's IPR Policy, it said.
The statement further said that it will examine the current issues raised by industry associations and those that may have appeared in media and to give suggestions to the ministry on such issues.
Other members of the expert panel are Senior Advocate Pratibha M Singh, Advocate Punita Bhargava, Unnat Pandit of Cadila Pharmaceuticals Ltd, Rajeev Srinivasan, director of Asian School of Business, and Narendra K Sabarwal, retired DDG at World Intellectual Property Organization (WIPO).
The decision assumes significance as the Obama administration in the recent times has been strongly
criticising India's investment climate and IPR laws, especially in the pharmaceuticals and the solar sectors.
The panel would also give suggestions on the steps that may be taken for improving infrastructure in Intellectual Property offices and Tribunals, it said.
It will also highlight anomalies in the current IPR legislations and to advice possible solutions to the ministry.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
