As part of the new national IP rights policy, India is set to get its own IP rights exchange (IPRX), like the United Kingdom and Hong Kong. The Federation of Indian Micro, Small & Medium Enterprises (FISME) supported by the British High Commission had previously initiated a portal for this purpose at www.iprexchange.in. The new IPRX will, however, be operated under the aegis of the Ministry of Science and Technology through the National Research Development Corporation which suggests that it will be more centralised, comprehensive and effective.

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