Taking steps to cut time to grant patents, trade marks: DIPP Secretary

Image
Press Trust of India New Delhi
Last Updated : Oct 08 2018 | 8:30 PM IST

India is taking several steps, including hiring more manpower and increasing use of technology, to reduce time for granting patents and trade marks, a top government official said Monday.

Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said as the economy is growing at a faster pace, focus on innovation and intellectual property rights (IPRs) are fundamental.

He said steps taken by the department has helped to substantially improve the IPR regime of the country.

"We have created capacities in our IP offices. Hundred examiners of patents (were hired). We added 450 more and now we are adding another 220 plus," he said here at the international conference on IPR, organised by industry body CII.

Abhishek also said that the processes have been re-engineered and introduced use of technologies for grant and examination of patent, and trademark applications.

"Patent examination of applications which used to take 5-7 years earlier, we are hoping to bring it down to 18 months by end of next year or definitely by March 2020," he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 08 2018 | 8:30 PM IST

Next Story