LimeLightNews

Committed to Enhance IPR Ecosystem to Nurture Innovation in Knowledge Economy- Piyush Goyal

Sharing is caring!

Recognising the importance of nurturing innovation and creativity in a knowledge economy, India is taking great strides in strengthening its intellectual property ecosystem.

Further, given the key role played by MSMEs in the economic growth of India, it is proposed to reduce the fees for various IPRs as follows:

IPRACTIVITYCATEGORYCURRENT FEESPROPOSED FEESREDUCTION (%)
PATENTSFILINGMSME4000/ 44001600/ 175060
REQUEST FOR EXAMINATION10000/ 110004000/ 440060
EXPEDITED EXAMINATION (only e-filing)25000800068
RENEWAL2000 to 20000 (+10% for physical filing)800 to 8000 (+10% for physical filing)60
DESIGNSFILINGMSME/ Startup2000100050
GEOGRAPHICAL INDICATIONSREGISTRATIONAUTHORISED USER500NIL100
ISSUANCE OF REGISTRATION CERTIFICATE100NIL100
RENEWAL1000NIL100

 

Fees structure is for e-filing/ physical filing. Draft Rules for amendment in GI Rules have been notified.

National IPR Policy adopted by the Government in 2016 has paved the way to further strengthen the IPR regime in the country. Already, the concrete steps undertaken in the past 5 years have seen IP filings rise:

Filing of IP applicationsIncrease from 2013-14 to 2018-19 (%)
Patents18
Trademarks69

 

Domestic filing for patents has increased from 22% in 2013-14 to 34% in 2018-19. Awareness programmes for IP are being conducted at schools, colleges, universities, R&D institutes and industry clusters. Multi-pronged strategies have been used to address the issue of pendency in IP applications, including manifold augmentation of manpower and streamlining of procedures. These strategies have paid rich dividends, and there has been a sharp jump in the disposal of IP applications:

Disposal of IPR applicationsIncrease from 2013-14 to 2018-19 (%)
Patents353
Trademarks395

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: