Wednesday 1 February 2023
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EconomyIndian Patent Office first IPO in the world to introduce real time...

Indian Patent Office first IPO in the world to introduce real time transparency

New Delhi — Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Amitabh Kant today launched the latest innovation in transparency offered by the Indian Patent Office namely the ‘Stock and Flow’. This facility, already existing for trademarks, has been extended to patents also from today onwards. Through this facility, work in the entire patent office is being thrown open to the world. The stock and flow in the patent offices at different locations is shown on a real time basis on the official website. IPO is the first among intellectual offices across the world to achieve this ultimate transparency.

Addressing the gathering DV Prasad, Joint Secretary, DIPP, said that tremendous administrative reforms have been taking place in the IP offices during the recent years. In transparency initiatives, the office excels other intellectual offices across the world. He informed that in order to achieve speedy disposal of IP applications, there will be further augmentation of infrastructure and manpower in the intellectual property offices during the 12th Five Year Plan.

Kant had inaugurated a new office building constructed for the Intellectual Office of India in New Delhi on 8 September. The building is dedicated to the functioning of the Indian Patent Office as International Searching Authority (ISA) and International Preliminary Examining Authority (IPEA) under the Patent Cooperation Treaty (PCT).

The ISA/IPEA building is constructed under plan scheme of the Government of India’s ‘Modernisation and Strengthening of Intellectual Offices’, at an expenditure of Rs 30.2 crore, providing ample space and facilities for proper management of ISA/IPEA operations. The building has state-of-the-art infrastructure and a hall of fame to showcase notable products protected by intellectual property.

A new payment gateway integrated to the e-filing system of the Intellectual Office was also inaugurated by Kant. This facility enables payment using internet banking, credit cards or debit cards of more than 70 banks as against internet banking of 2 banks earlier. The comprehensive e-filing facility covering all forms was made available earlier by IPO for patents and for trademarks. Through the launch of new payment gateway, the online filing which has already shown a quick leap from 25% to 75 % is expected to increase further.

Speaking on the occasion, the secretary said that the Intellectual Office of India has infrastructure that matches the best in the world. He stated it was commendable that the office was functioning in a fully electronic environment and had established the highest standards of transparency. He said that this office under the Government of India was a unique blend of great hardware and software. He stressed the importance of intellectual property in upgrading the abilities of the fledgling Indian manufacturing sector. He informed that the government would be soon formulating a new IPR policy.

During the occasion, Kant released the first issue of IP Expressions, a technical magazine that provides a platform for the officials of IPO to share the knowledge and experience gained in the field of intellectual property. Starting initially as a biannual publication, IP Expressions is expected to benefit the IP fraternity, researchers, students, academicians and public at large as a source of IP information.

Controller General of Patents, Designs and Trademarks, Chaitanya Prasad in his introductory speech stated that the office is set to further upgrade its infrastructure to fulfil the department’s increasing commitment. The building inaugurated today is planned for eight floors and only two floors along with the basement have been constructed now. Further floors will be constructed during the 12th Plan. IPO believes in absolute transparency and the Controller General expressed hope that the stakeholders would find the newly launched payment gateway as well as the Stock and Flow convenient and satisfactory.


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