The Department Related Parliamentary Standing Committee on Commerce presented its 169th report. The committee has made few recommendations to the Central Government, some of which are as follows: –
- Channelize efforts to encourage and empower AI innovators by enacting suitable legislations or modifying the existing laws on IPR in order to accommodate AI based inventions
- Establishing an Intellectual property division(IPD) with dedicated IP benches as done by Delhi High Court in the wake of abolition of IPAB
- The department to undertake efforts in inculcating the significance and advantages of IP financing and intangible IP assets amongst the financial institutions, business, and trading communities in India.
- The government should resort to plausible mechanisms of compulsory and voluntary licensing in situations when the dangerous variants of diseases like covid-19 pose severe threats
- IPR regime should enable a mechanism at regional level suitable to accommodate the informal and grassroots innovations and to diffuse , protect and popularize them on a large scale

Leave a comment