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Indian patent office has granted over 1 lakh patents in the past year on account of steps taken by the government to further strengthen the intellectual property rights ecosystem, an official statement said on Saturday. It also said that there has been a notable surge in Geographical Indication (GI) registrations, demonstrating a threefold increase compared to the previous year. As on date, 573 GIs are registered in India. In 2023-24, 98 new GIs have been registered and another 62 will be registered by March 31 this year. Similarly, so far this fiscal, copyright and design registrations totalled at 36,378 and 27,819 respectively. "Every 6 minutes one technology is seeking IP protection in India. In 2023, an all-time high of 90,300 patent applications were received. Patent office granted over one lakh patents in the last one year (15-Mar-2023 to 14-Mar-2024). Every working day, 250 patents were granted," the commerce and industry ministry said. It added that the Patent Rules, 2024
The Indian Patent Office has granted a "record" 75,000 patents in the last 10 months and it reflects India's ability to innovate, Commerce and Industry Minister Piyush Goyal said on Friday. Interacting with innovators and entrepreneurs on the eve of the 75th Republic Day here, the minister also said that 40,000 compliances have either been eliminated or simplified to ease the burden on entrepreneurs. "The Indian Patent Office has granted a record 75,000 patents in the last 10 months," he said, adding the government is making it easier to do business and make it less burdensome to meet the requirements of the law and comply with rules and procedures. There has been a significant push to reduce the burden of criminalisation of many laws regarding business in India and the Jan Vishwas law was the first step in that direction and gave the comfort to people and businessmen that the government trusts them, he said. "If you make a small mistake, you do not have to worry about criminal ...