Press Release

Govt committed to bolstering IPR ecosystem in India: Minister

New Delhi, 05th October 2021: The Government of India is committed towards bolstering the ecosystem of patents, design, trademarks, GI (Geographical Indication) systems; encouraging innovation, research and development (R&D) in the country to achieve the vision of `Atmanirbhar Bharat`, Union Minister of State for Commerce & Industry, Mr Som Parkash said at an ASSOCHAM virtual event today.

"Industry must work in a mission mode along with the Government of India to achieve the ambitious target for the country to be ranked in the top 25 nations of Global Innovation Index (GII)," said Mr Parkash while inaugurating an ASSOCHAM IP Excellence Awards-cum-Conference on Role of Intellectual Property in Atmanirbhar Bharat.

He highlighted the various programs and initiatives undertaken by the Government for propelling innovations - Startup India, Accelerating Growth of New India's Innovations (AGNIi), new intellectual property rights (IPR) policy and others.

"Similarly, for examination of the trademark applications it used to take 72 months in 2016, now in 2020 it takes just 12-24 months, so we are making all efforts," said Mr Parkash.

He congratulated the winners, complemented them for building an IPR ecosystem in India and said, "I hope you would continue doing such exemplary work and wonderful job in this field."