- India has ranked 44 out of 50 nations in the global Intellectual Property (IP) index.
- The index is released by the US Chambers of Commerce.
- Last year, India ranked 43rd out of 45 countries in the index.
- The US tops the list followed by United Kingdom and Sweden.
About Intellectual property
- Intellectual property (IP) refers to creations of the intellect for which a monopoly is assigned to designated owners by law.
About Intellectual property rights
- Intellectual property rights (IPRs) are the rights granted to the creators of IP, and include trademarks, copyright, patents, industrial design rights, and in some jurisdictions trade secrets.
About Department of Industrial Policy & Promotion (DIPP)
- The Department of Industrial Policy & Promotion was established in 1995 and has been reconstituted in the year 2000 with the merger of the Department of Industrial Development.
Role and Functions-
(a) Formulation and implementation of industrial policy
(b) Formulation of Foreign Direct Investment (FDI) Policy and promotion, approval and facilitation of FDI
(c) Formulation of policies relating to Intellectual Property Rights etc.
About Cell for IPR Promotion and Management (CIPAM)
- A professional body under the aegis of Department of Industrial Policy and Promotion (DIPP) which ensures focused action on issues related to IPRs.
- CIPAM assists in simplifying and streamlining of IP processes, apart from undertaking steps for furthering IPR awareness, commercialization and enforcement.
About World Intellectual Property Organization (WIPO)
- The World Intellectual Property Organization (WIPO) is a specialized agencies of the United Nations (UN).
- WIPO was created in 1967 “to encourage creative activity, to promote the protection of intellectual property throughout the world”.
- WIPO currently has 191-member states.
- It is headquartered in Geneva, Switzerland.
About Trade-Related Aspects of Intellectual Property Rights (TRIPS)
- It is an international legal agreement between all the member nations of the World Trade Organization (WTO).
- It sets down minimum standards for the regulation by national governments of many forms of intellectual property (IP) as applied to nationals of other WTO member nations.
- TRIPS was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994 and is administered by the WTO.
Source:IE & Wiki