Union Commerce Minister Nirmala Sitharaman today said the Commerce and Industry Ministry would send the draft National IPR Policy for Cabinet's approval after getting inputs from different departments. A government-appointed think-tank on IPR is preparing the draft policy, which seeks to encourage innovation by providing tax incentives and modifying intellectual property rights (IPR).<br/><br/>Ms Sitharaman said that National IPR Policy has been formulated with the mission to foster innovation, accelerate economic growth,employment and entrepreneurship besides protecting public health, food security and environment, among other areas of socio-economic importance.