The quantity of patent filings elevated from 42,763 in 2014-15 to 66,440 in 2021-22 due to steps taken by the federal government to strengthen mental property rights (IPR) regime of the nation, the commerce and business ministry mentioned on Tuesday.
It additionally mentioned India granted 30,074 patents in 2021-22 as in contrast to 5,978 in 2014-15.
There has additionally been a discount in the time of patent examination from 72 months in 2016 to 5-23 months at current.
“For the primary time in the final 11 years, the quantity of home patent submitting has surpassed the quantity of worldwide patent submitting at Indian Patent (IP) workplace in January-March 2022 quarter,” it mentioned.
Of the whole 19,796 patent functions filed, 10,706 had been filed by Indian candidates and 9,090 by non-Indian candidates, it added.
The coordinated efforts by the division for promotion of business and inner commerce (DPIIT) and IP workplace has led to elevated consciousness amongst all strata of the society, it mentioned.
These efforts have on one hand led to improve in the quantity of IPR filings and alternatively, decreased the pendency of patent functions.
(Only the headline and film of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)
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