News Desk, AnyTV, New Delhi
Published by: Gaurav Pandey
Updated Sat, 26 Feb 2022 05:38 PM IST
Summary
Sitharaman said that the scheme for IPR, which was started as a pilot scheme in the year 2016 has now been extended till the year 2023.
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Expansion
Sitharaman said that 28 thousand patents were given last year. In the year 2012-14, its number was only 4000. “Last year 2.5 lakh trademarks were also registered and the number of copyrights exceeded 16,000,” he said.
The Union Finance Minister said, ‘These are not small figures. It’s the strength of the economy to support this kind of innovation and copyright. When these increase, it will also have a big and significant impact on the economy.
He said these things in the ‘National Seminar on Adjudication of IPR Disputes in India’. It was organized by the Delhi High Court. The Chief Justice of the country NV Raman and other judges attended the event.
Sitharaman said that the central government is promoting startups and protecting their IPRs. He said that accelerating this is not possible by simply removing the restrictions. This requires a positive attitude.
Along with startup, the government is also supporting R&D
Along with this, he also mentioned the importance of innovation for the economy. Sitharaman said that if normal manufacturing and general production give three marks out of 10, then innovative activities can bring it to seven-eight.
“As we are removing the restrictive rules now, we are also making sure that we provide a framework in which to do that,” he said. We are providing support not only to startups but also to R&D.
Systematic approach in the country to deal with IPR issues
The Union Minister further said that the support of the judiciary has encouraged more innovations and copyrights coming to India and there is now a systematic approach in the country to deal with the issues related to IPR.
He told the judges that an IPR bench is being constituted in the Delhi High Court. You will come across more number of cases. But with such cooperation I think it will be easier for the courts to face this challenge.