India records impressive growth in grant of Patents
In last seven years India has successfully recorded 572 per cent growth in grant of Patents. As informed by Piyush Goyal, Minister of Commerce and Industry, informed, “In 2020-21 over 28,391 patents granted in comparison to 4,227 patents granted in 2013-14.” He said that technology and ideas are twin engines of growth.
Goyal was speaking at a virtual event in New Delhi, where he was conferred National Intellectual Property Awards. He said there is a need to bring Intellectual Property revolution while strengthening Intellectual Property Rights laws at the same time, for inclusive progress of nation and to boost quality, job creation, manufacturing and competitiveness.
