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Before the internet became an integral part of our daily lives, individuals and organizations alike would copyright their products. This would allow them to gain royalties for any use of their design, as well as prevent misuse or reselling of their patented property. Today, with the internet permeating every facet of industry, creative copyrights on digital medium have popped up around the globe. The only difference is that Instead of on physical products, copyrights now exist on digital or ‘intellectual property’. WTO & TRIPS

The World Trade Organization (WTO) deals with regulations of goods, services and intellectual property between its 164 member states. The WTO represents over 96% of global trade.

An agreement between all WTO member nations to protect cross-border intellectual property rights, led to the formation of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The TRIPS agreement was signed in 1994.

India approved its first intellectual property rights policy, known as the National Intellectual Property Rights Policy, on 12 May 2016 in accordance with the TRIPS agreement.

Creative India; Innovative India

The National Intellectual Property Rights (IPR) Policy is aptly centred around the motto of a ‘Creative India; Innovative India’. As per the policy, there are 7 major objectives, which I have detailed below:

• Objective 1: Outreach & Promotion The first objective deals with creating awareness amongst the public about the benefits of IPR. The aim is to bring this knowledge to all sections of society.
• Objective 2: Generation of IPRs India is host to innumerable talents, in nearly every field. Generation of IPRs is focused heavily on technical and scientific institutions. R&D in India is being promoted in this step.
• Objective 3: Legal & Legislative Framework It is pointless to have an IPR policy if there are no regulatory authorities to monitor IPRs. This objective is pointed at creating a strong legal framework and spreading the word through intellectual property lawyers in India.
• Objective 4: Administration & Management After setting up a strong support system for legal compliance of IPRs, it is time to modernize and optimize these institutions, creating a friendly service oriented administration.
• Objective 5: Commercialization of IPRs Owners of IPRs should be able to benefit from the fruits of their labour and commercialization of IPRs can lead to just that.
• Objective 6: Enforcement & Adjudication Enforcing the IPR legal framework to combat piracy and counterfeiting. This is centred around building respect for IPR owners and to bring a permanent end to copyright infringements.
• Objective 7: Human Capital Development The final step involves educating future IPR owners on their rights, helping them achieve their full potential without fear of being left uncredited.

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