India witnesses five-fold increase in patents granted, four-fold rise Trademarks registered in seven years

Other News Materials 27 April 2022 17:02 (UTC +04:00)

Department for Promotion of Industry and Internal Trade (DPIIT), Secretary Anurag Jain on Tuesday said the number of patents granted has grown five times in a matter of seven years since the Government adopted the Intellectual Property policy in 2016.

Jain said the number of Trademarks registered has also increased four-fold during the period.

He was addressing the Inaugural Session of the day-long conference on “Leveraging India’s Demographic Dividend through IP” here, organized by the DPIIT and Federation of Indian Chambers of Commerce and Industry (FICCI) on the occasion of this World Intellectual Property (IP) Day.

Jain said the government has taken a series of measures, including reducing the number of forms for trademarks and patents, to further strengthen the country’s Intellectual Property Rights (IPR) regime.

He said that in trademarks, there used to be 74 forms but now they have been reduced to just eight and similarly for patents, all the forms were scrapped and now there is only one form.

DPI Secretary said as various Government Departments roll out Vision 2047 for the next 25 years during the Amritkaal, the most important driving factor will be Knowledge and Innovation.

“Only those industries which invest in Knowledge and Innovation would survive. And for Knowledge and Innovation to survive, Intellectual Property becomes a very, very important tool,” said Jain, adding, “And another important aspect to that is the Startups.”

Jain said since the Startup initiative was launched in 2016, in the space of six years we have grown to be the third-largest Startup ecosystem. Last year, in the number of Unicorns, created, we overtook China and we were the second-highest.

“We have reached a level of 80 Startups getting registered every day in our country, which is the highest in the world,” he said.