New Delhi, April 28 -- In a landmark move to bolster India's sports economy, Union Minister for Commerce and Industry Piyush Goyal has announced a three-year "special drive" that completely waives government fees for Intellectual Property (IP) registrations within the sports sector.

Speaking at the World Intellectual Property Day celebrations on Tuesday, the Minister unveiled a policy designed to help local sports leagues, athletes, and equipment manufacturers protect their brands and maximise their commercial potential through media rights and franchising.

The new policy removes financial barriers for any IP related to sports, covering a wide spectrum of legal protections. Effective immediately, the fee waiver applies to trademarks & c...