LS-PATENT
Feb 5, 2020, 13:41 IST
Patent application examination time cut to 24-36 months:Goyal
New Delhi, Feb 5 () India has significantly cut downthe time taken for examination of patent applications to about24-36 months from the 72 months earlier, Commerce and IndustryMinister Piyush Goyal said in Lok Sabha on Wednesday.
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"As a result of several measures taken by the government,the time taken for examination of patent applications has beenbrought down from 72 months in 2014-15 to around 24-36 monthsat present," he said during Question Hour.
Goyal also said that pendency in patent examination hascome down from 1,78,525 in 2014-15 to 81,271 in January andthe disposals of applications too have increased from 14,316in 2014-15 to 48,751 in 2019-20 till January.
Indian patent office grants patents for 20 years andafter that it can be renewed. ACB RRDV DV(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)