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?
✓ Correct answer: c) Both 1 and 2
ExplanationStatement 1 is correct: The National Intellectual Property Rights (IPR) Policy of India, adopted in 2016, serves as a comprehensive vision document to guide the future de- velopment of IPRs in the country.The policy reaffirms In- dia’s dedication to international agreements, including the Doha Development Agenda and the TRIPS Agreement.This commitment ensures that India’s IPR framework aligns with global standards and obligations.Indian Economy 309Statement 2 is correct: The Department for Promotion of In- dustry and Internal Trade (DPIIT), formerly known as the Department of Industrial Policy and Promotion (DIPP), un- der the Ministry of Commerce and Industry, is designated as the nodal agency for regulating intellectual property rights in India.DPIIT is responsible for overseeing the implementation and enforcement of IPR laws and policies.261
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