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‘Over 100,000 patents granted in 2023, to strengthen IP rights ecosystem’

Indian patent office has granted over 1 lakh patents in the past year on account of steps taken by the government to further strengthen the intellectual property rights ecosystem, an official statement said on Saturday.
It also said that there has been a notable surge in Geographical Indication (GI) registrations, demonstrating a threefold increase compared to the previous year.
As on date, 573 GIs are registered in India.
In 2023-24, 98 new GIs have been registered and another 62 will be registered by March 31 this year.
Similarly, so far this fiscal, copyright and design registrations totalled at 36,378 and 27,819 respectively.
“Every 6 minutes one technology is seeking IP protection in India. In 2023, an all-time high of 90,300 patent applications were received. Patent office granted over one lakh patents in the last one year (15-Mar-2023 to 14-Mar-2024). Every working day, 250 patents were granted,” the commerce and industry ministry said.
It added that the Patent Rules, 2024