By Amit Kapoor,
India's current Intellectual Property Rights (IPR) regime is at the cusp of a major change. The past year has been quite momentous for India’s IPR regime. It is because one is witnessing a shift in India's policy priorities with respect to broad measures that have been undertaken by the newly-elected government in the sphere of Intellectual Property. It is critical from an investment viewpoint. IP forms the basis of protection for both domestic as well as foreign companies in a developing economy.