The Ministry of Commerce and Industry mentioned on Saturday (March 16) that the Patent Office has granted an unprecedented one lakh patents inside a single year. As per an official launch, in the fiscal year 2023-24 alone, the Patent Office acquired an all-time excessive of 90,300 patent purposes.
The Patent Office granted over one lakh patents in the final 1 year (15-Mar-2023 to 14-Mar-2024). Every working day, 250 patents have been granted, the ministry mentioned. Alongside patent grants, there was a notable surge in GI registrations, demonstrating a threefold improve in comparison with the earlier year. Currently, India boasts 573 registered GIs, with 98 new registrations in the fiscal year 2023-24, based on the discharge.
Additionally, copyright registrations have reached a record-breaking 36,378, underscoring the huge potential inside the inventive sector. In the realm of design, the fiscal year 2023-24 witnessed the very best variety of registrations thus far, totalling 27,819, alongside the ultimate disposal of 30,450 purposes.
Noteworthy initiatives corresponding to Toycathon, collectively organized by J&Okay SCERT and the Indian IP Office, have facilitated the registration of 115 novel designs by J&Okay college college students, based on the discharge. The Trade Marks Registry has additionally redoubled its efforts to expedite trademark safety, committing to issuing examination experiences inside 30 days of receiving trademark purposes.
In parallel, the National Intellectual Property Academy (NIPAM) has performed a pivotal function in elevating IP consciousness, providing coaching to 24 lakh youths, notably college students and lecturers, throughout over 7,000 establishments in the final two years. The announcement coincided with the official notification of the Patent Rules, 2024, which introduces a number of provisions aimed toward simplifying the patent prosecution and upkeep processes.
These guidelines are poised to streamline the acquisition and administration of patents, thereby nurturing an setting conducive to innovation and financial development. Notable options of the revamped guidelines embody provisions for acknowledging inventors’ contributions via a brand new ‘Certificate of Inventorship’ and decreasing the time restrict for submitting examination requests to accommodate the quick tempo of technological developments, learn the press launch.
Highlighting the importance of those developments, authorities officers emphasised their dedication to enhancing the IP ecosystem and administration in the nation. The Ministry of Commerce and Industry is devoted to creating an setting that fosters innovation and financial improvement via strong IP safety mechanisms. The surge in patent grants displays India’s emergence as a hub for technological innovation, with one expertise in search of IP safety each six minutes.
ALSO READ: Nokia and OPPO’s collaboration unveiled, forge 5G patent cross-licensing settlement
ALSO READ: Patent Dispute Update: Apple Watch Series 9 and Ultra 2 set to return on-line from this present day
(*1*)
Source hyperlink
