India makes rapid strides in IPRs - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
India granted 1.03 lakh patents in financial year 2023-24, Controller General of Patents, Designs and Trademarks Unnat Pandit said on Thursday, as he assured that there will be no delay in the Intellectual Property Office as it prioritises timely clearance of applications.
Addressing an Assocham event here, he shared that 40 per cent of the applications were disposed of within 30 months of the request for examination. We are going to have no delay in the IP office, that s the motive with which we have .. that IP should be granted and under Chapter 8 of the Act it should also be utilised by the applicant . that will generate the economic value of IP, Pandit said.
India granted 1.03 lakh patents in FY 2023-24 with a focus on economic value and strengthening the IP position. The IP office ensures no delays with 40% applications cleared within 30 months, reflecting confidence in research commercialization.
Almost 15 years ago, in an effort to create greater predictability for patent litigation in the Northern District of Illinois, the District enacted Local Patent Rules ("LPR").
On March 15, 2024, the Ministry of Commerce and Industry (Department For Promotion of Industry and Internal Trade) notified the Patents (Amendment) Rules, 2024 in the Official Gazette of India,.