The National Intellectual Property Rights Policy was approved on 12 May.
Seven objectives were proposed under the new policy, including raising awareness about IP, so that the public understands its economic, social and cultural benefits.
India also aims to strengthen its enforcement and adjudicatory mechanisms for fighting infringement.
The country also wants to encourage generation, use and commercialisation, and invest in the skills necessary to create a viable IP ecosystem in the country.
The Department of Industrial Policy & Promotion will coordinate, guide and oversee implementation of the policy in India.