The National Intellectual Property Rights (IPR) policy announced by the Centre will help promote innovation and creativity in the country, a senior official said on Saturday.
According to Rajiv Aggarwal, Joint Secretary in the Department of Industrial Policy and Promotion (DIPP), the Centre is making an ecosystem to promote both these things.
"India has just come out with the National IPR policy. The slogan or the entire bedrock of that policy rests on creativity and innovation. We talk of a creative and innovative India," Aggarwal said in the national capital
Talking about 'frugal innovation', he said these are imperative but not the only answer as "we have to think beyond and go further".
In May, the Centre announced the policy to incentivize entrepreneurship and control manufacturing and sale of counterfeits.
The policy, with the tagline 'Creative India: Innovative India', also calls for updating several intellectual property laws to remove inconsistencies.