With reference to ‘National Intellectual Property Rights Policy’, consider the following statements: 1. It reiterates India’s commitment to the Doha Development Agenda and the TRIPS Agreement. 2. Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India. Which of the above statements is/are correct?
Explanation
Statement 1 is Correct: The National IPR Policy does reiterate India's commitment to the Doha Development Agenda and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement). The Doha Development Agenda aimed to clarify and improve specific aspects of the TRIPS Agreement, particularly focusing on flexibilities for developing countries. India, as a developing nation, is entitled to certain flexibilities in implementing the TRIPS Agreement, such as using compulsory licensing to ensure access to affordable medicines.
Statement 2 is Correct: The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry is the nodal agency for the development and implementation of IPR policy in India, earlier its name was the Department of Industrial Policy and Promotion.
Hence, option C is the correct answer.