IP is barometer for growth of economy, IPR filing growth rate 19%: Prof. Pandit
- IPR providing momentum to the industry, be it MSME, SME or Startups
- India 38th in global innovation index
- In 2023-24 total 92,000 patents were filed
Ahmedabad: Ahead of the World IP day India is celebrating its far leap in the world of Intellecual Proterty Rights. IPR is fostering growth of india for achieving Viksit Bharat by 2047, said Prof. (Dr.) Unnat P Pandit, Controller General of Patents, Designs and Trademarks, Government of India, who was the chief Guest for 2nd Edition of Gujarat IPR Conclave organized by Assocham here.
“Without IPR, desired development is not possible, as it provides much needed momentum to the industry, be it MSME, SME or Startups, major driving force of indian economy. IP is barometer for growth of economy”, said Prof. Pandit.
Stressing on the need for nurturing IPR in education research he said that the goal of MSME and startups should be IPR, as it protects preserve and monetize their work.
For the last ten years IPR has taken reign of growth as IPR filings have rose at a staggering rate of 95% in this duration. In 2023-24 total 92,000 patents were filed in the country. The growth rate for last one year is 19%. This revolution is attributed to the eco system developed by the central government for the last ten years, said Prof. Pandit. For youngsters associated with technology they must bound themselves with IPR. Technology must be implemented after learning, which is a base of knowledge Economy, he said.
The theme of 2nd edition of Gujarat IPR Conclave was TECHADE- Harnessing IPR for Growth and Innovation. Delivering the Keynote address, Dr. Nakul Sharedalal- Chairman, IPR Committee, ASSOCHAM Council expressed gratitude for the government as in global innovation index india is now on 39th position, from 81st 10 years ago. India made National IPR policy in 2016, which steered the growth of this field, now there is a need for taking benefits of IPR to grassroot level, said Mr. sharedalal. He expressed his trust that by 2030 india would be in top 30 in global innovation index.
Addressing the challenges in the world of IPR Ms. Ruhi Parikh, Associate Gandhi Law Associates said that, Idea is the currency for future, it must be protected, for this being vigilant is a must. As india is 3rd largest Startup ecosystem in the world, still the country lags behind in IPR. As there are challenges that include cost perspective and global challenge, strong legal framework is necessary for protectiong IPR. And startups and MSMEs should be given priority.