India records the highest growth in the grant of patents in the last seven years.

Surat: India is all set to follow the footsteps of the U.S and China when it comes to patenting. For the first time in the last seven years, India recorded 572% growth in patent registrations, signaling the fast-paced innovation by the inventors and researchers in the country.

In 2020-21, the patent grants came to 28,391 inventors as compared to 4,277 grants during 2013-14, in a country of 1.37 billion people.

Recently, Minister of Commerce and Industry and Textiles, Piyush Goyal attended the National Intellectual Property Awards-2020.

At the awards function, Goyal congratulated the winners for their contributions in various fields including research and development, academia to start-ups.

According to Goyal, technology and ideas are the twin engines of growth. IPR is the fuel that powers them and the awards not only recognize the innovation by the individuals and institutions but serves as an inspiration for others. There is a need to bring IP revolution in the country for inclusive progress and strengthening of IPR laws.

“IP will boost job creation, quality, competitiveness, and manufacturing. The IP revolution in India has the potential to become the ‘Innovation Powerhouse’ of the world.
we must aim to make India the ‘design hub of the world’” said Goyal.

Goyal stated that the IP is the cornerstone of a nation’s progress and showcases the ingenuity of the young generation. It is the key to success for Start-up India, Make In India, and Design in India.

“The IP Rights must ensure that whoever invents in India is not only protected but guaranteed to prosper,” said Goyal.

(source : datelinegujaratnews.com)

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