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: –

  1. 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
  2. Establishing an Intellectual property division(IPD) with dedicated IP benches as done by Delhi High Court in the wake of abolition of IPAB
  3. 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.
  4. 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
  5. 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

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