The variety of home patent submitting has surpassed the variety of international patent submitting throughout January-March 2022 for the primary time in 11 years, the commerce and trade ministry mentioned in an announcement on Tuesday.
This implies that of the entire 19,796 patent functions filed, 10,706 (54 per cent) had been filed by Indian candidates as in comparison with 9,090 by non-Indian candidates.
Commerce and Industry minister Piyush Goyal mentioned that the coordinated effort by the trade division and mental property (IP) workplace has led to elevated IP consciousness amongst all strata of society. “These efforts have on the one hand led to an increase in the number of IPR filings, and on the other have reduced the pendency of patent application at IP offices,” he mentioned, including that this can take India a step nearer to its ambition of being within the prime 25 nations of Global Innovation Index.
According to official information, during the last seven years, the variety of patent submitting elevated from 42,763 in 2014-15 to 66,440 in 2021-22, indicating a 50 per cent rise. There has additionally been an almost five-fold leap in grant of patents in 2021-22 to 30,074 as in comparison with 2014-15.
Similarly, patent examination time has decreased to 5-23 months now from 72 months in December 2016.
The authorities mentioned a few of its key initiatives over the years have bolstered India’s IP regime. For occasion, patent submitting payment has been decreased by 80 per cent for eligible academic establishments; and there’s a 10 per cent rebate in charges for on-line submitting vis-à-vis bodily submitting of commerce mark functions.
A Parliamentary Standing Committee on commerce had earlier flagged considerations that 64 per cent of the patents filed in India had been by non-resident or international entities. It had additionally pointed to the lack of expertise about IPRs amongst Indians, leading to a low share of patents filed by home entities vis-à-vis international gamers.
“As a result, the innovators and creators in the country are being denied the benefits of IPRs including the generation of revenues and gains from the creation of their products. The Committee recommends that a holistic approach should be taken by the Department for disseminating awareness amongst MSMEs, small businessmen, traditional artisans and craftsmen located in remote areas and providing them insights about creation, ownership and protection of their IPRs,” it had mentioned.
The trade division has been conducting consciousness programmes in faculties, schools and universities throughout India, together with by way of Atal Tinkering Labs, to foster IP consciousness and era.