Commerce ministry to spend $81 million on IPR infrastructure
Ministry of Commerce and Industry has proposed to spend over $81 million to modernise and upgrade Intellectual Property Rights (IPR) infrastructure in the country and set up a "think tank" centre in Nagpur.
By PTI |
MUMBAI: Ministry of Commerce and Industry has proposed to spend over $81 million to modernise and upgrade Intellectual Property Rights (IPR) infrastructure in the country and set up a "think tank" centre in Nagpur.
"We propose to spend $81.25 million as part of phase II of modernisation of IPR. It would be taken to Cabinet anytime for clearance," Commerce and Industry Joint Secretary Naresh Nandan Prasad said at a CII seminar here.
The modernisation would include hiring staffers, computerisation, upgradation of the infrastructure and setting up of National Institute of Intellectual Property Management in Nagpur.
"We plan to invest USD 6.25 million in setting up National Institute of Intellectual Property Management centre. It would meet the requirements of training, education, research and would be a think-tank," Prasad said.
The stone-laying ceremony in Nagpur is expected to take place in March.
At present, Intellectual Property offices are located in Delhi, Mumbai, Chennai and Kolkata.
As part of the modernisation, the ministry plans to hire 1,380 more staff to speed up the patent and trademark application process, he said.
With an increase in staff strength, around 70,000 patent applications and two lakh trademark applications could be processed by 2012, he said.
"We propose to spend $81.25 million as part of phase II of modernisation of IPR. It would be taken to Cabinet anytime for clearance," Commerce and Industry Joint Secretary Naresh Nandan Prasad said at a CII seminar here.
The modernisation would include hiring staffers, computerisation, upgradation of the infrastructure and setting up of National Institute of Intellectual Property Management in Nagpur.
"We plan to invest USD 6.25 million in setting up National Institute of Intellectual Property Management centre. It would meet the requirements of training, education, research and would be a think-tank," Prasad said.
The stone-laying ceremony in Nagpur is expected to take place in March.
At present, Intellectual Property offices are located in Delhi, Mumbai, Chennai and Kolkata.
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As part of the modernisation, the ministry plans to hire 1,380 more staff to speed up the patent and trademark application process, he said.
With an increase in staff strength, around 70,000 patent applications and two lakh trademark applications could be processed by 2012, he said.
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