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There’s a five-fold enhance within the grant of patent yearly, and a four-fold rise in trademark registration yearly since 2014, the Ministry of Commerce and Trade mentioned on Monday. To modernise the Mental Property (IP) workplace and scale back authorized compliances, together with facilitating submitting of IP functions, the federal government has adopted a number of administrative and legislative measures, it mentioned in a press release.
These initiatives have made a outstanding impression on the IP filings and registrations being granted, it mentioned.
“There’s a five-fold enhance within the grant of patent yearly, and a four-fold enhance in trademark registration yearly since 2014,” the ministry mentioned.
Additional, it mentioned that a big enchancment has been seen within the home submitting of IP functions throughout all proper areas and particularly in Patents, the place 46 per cent enhance has been seen within the final 5 years.
On the event of this World IP day, the ministry can be organising a convention on ‘Leveraging India’s Demographic Dividend by way of IP’ right here tomorrow.
