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.
"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