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Piyush Goyal confers National Intellectual Property Awards

Commerce and Industry Minister Piyush Goyal today conferred the National Intellectual Property Awards at an virtual event in New Delhi.
Speaking on the occasion, the Minister said, today technology and ideas are the twin engines of growth, Intellectual Property Rights IPR is the fuel that powers them and this award not only recognises the innovative ideas of individuals and institutions but also serves as an inspiration for others. He said there is need to bring an Intellectual Property revolution for Inclusive Progress in the nation and strengthening IPR laws.

He said it will boost job creation, quality, competitiveness and manufacturing.

The Minister said that powered by Intellectual Property, India can be the Innovation Powerhouse of the world.

Mr Goyal said that Intellectual Property Rights actually translates into India’s progress in real-time and extend Intellectual Property Right to India’s Prosperity Right.

He said, we must aim to make India the Design hub of World.

On this occasion, Mr Goyal announced that there will be 80 per cent fee reduction filing for IPRs to all Recognized Educational Institution Government or Aided or Private irrespective of whether such institute is in India or outside India.

Midle of the post

He said, total fee Filing plus publication plus Renewal fee for an Institute is 4 lakh 24 thousand 500 rupees and now this will  be reduced to 84 thousand 900 rupees.

The fees among the top Patent Offices worldwide. Mr Goyal said, the office of Controller General of Patents, Designs and Trade Marks also known IP office will impart training and awareness to 10 Lakh students in this Azadi ka Amrit Mahotsav from 15th August 2021 to 15th August 2022.

The Minister said, India records 572 per cent growth in grant of Patents in last 7 years.

He said, 28 thousand 391 patents granted in 2020-21 as compared to 4 thousand 227 grants during 2013-14.

Mr Goyal said, 14.2 lakh trademark registrations done in 4 years from 2016 to 2020 in comparison to 11 lakh from 1940 to 2015.

He said, India has jumped 33 ranks in Global Innovation Index to 48 in 2020. India’s rank was 81 in 2015-16.


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