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India makes rapid strides in IPRs - The Hindu BusinessLine

India makes rapid strides in IPRs - The Hindu BusinessLine
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India granted over 1 lakh patents in FY24

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 over 1 lakh patents in FY24: Official

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.

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