1. Planned IP regime to boost ‘Make in India’

Planned IP regime to boost ‘Make in India’

The government on Monday said it has formulated a multi-pronged strategy to develop an intellectual property (IP) regime in the country...

By: | New Delhi | Updated: July 14, 2015 1:11 AM

The government on Monday said it has formulated a multi-pronged strategy to develop an intellectual property (IP) regime in the country to promote creativity and give a fillip to its ‘Make in India’ initiative.

This includes introducing a 10% rebate on online filing of applications and documents, allowing e-filers the facility of using debit cards, credit cards and internet banking as well as giving a 50% concession in fees for MSMEs to encourage them to innovate and seek protection for their inventions (MSMEs account for 45% of total industrial production and 38% of India’s GDP).

Also, an additional 1,033 plan posts have been created, including 666 posts for patents and designs and 367 posts for trademarks and geographical indications at various levels, a commerce and industry ministry statement said. Already, recruitment is underway.

Patent and trademarks examiners are also being taken on contract to deal with the backlog, it added.

In addition, to cater to the immense flow of the papers filed, a single central server at the Indian Patent Office, Delhi is in place.

Since India has a unique intellectual property office wherein there are four patent offices and five trademark offices, there is need for strong intra-office connectivity, the statement said.

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