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National Intellectual Property Awards 2020

National Intellectual Property Awards 2020:

Minister of Commerce and Industry conferred the National Intellectual Property Awards 2020 to the winners at an event.

  • Addressing the event , Shri Goyal said the key achievements of his Ministry includes
  • Granting of 28,391 patents in 2020-21 as compared to 4,227 grants during 2013-14 (572% growth.
  • Reduction in Time of patent examination from 72 months in Dec 2016 to 12-24 months in Dec 2020
  • 2 lakh trademark registrations in 4 years (2016-2020) in comparison to 11 lakh during 75 years (1940-2015).
  • India’s ranking improved in Global Innovation Index to 48th in 2020, (+33 ranks from 81st in 2015-16).