Piyush Goyal Highlights Big Increase in Patents and Push for Online Services in India

Union Minister of Commerce and Industry Piyush Goyal announced that India granted around one lakh patents in 2024, a significant increase from 6,000 patents ten years ago. He shared this during an outreach program with industry leaders and stakeholders in Hyderabad, Telangana.

The minister emphasized the government’s commitment to a corruption-free India by moving services online. He said, “Ten years ago, the IPR (Intellectual Property Rights) office used to give 6,000 patents. Last year, they issued one lakh patents.”

Goyal added, “PM Modi has often mentioned that his government is committed to a corruption-free India. And this is one effort in that direction to eliminate any potential for anybody requiring to go to government offices. Everything will be online and issues will also get resolved online.”

He also highlighted that ‘Invest India’ will now support both foreign and domestic investors. ‘Invest India’ is a National Investment Promotion and Facilitation Agency that helps investors looking for opportunities in India.

Goyal requested suggestions from stakeholders to engage with ‘Invest India’ for trade, export, import, and domestic investment issues. He said this approach will create a conduit between governments and entrepreneurs for all trade and investment-related issues.

For smoother trade facilitation, Goyal shared that the Directorate General of Foreign Trade (DGFT) offices will transition to online operations. “DGFT offices almost across the country are being converted to trade promotion offices, trade and investment promotion offices. And all processes that are run by DGFT will be moved online,” he said.