There has been a 26 per cent increase in the number of published patents in india. According to a report by Clarivate analystics, India witnessed highest growth in published patents among some of the South Asian countries. The report analyses patenting activity in India from 2013-2015, briefly touching upon the innovation landscape in Asia and takes a deep dive into key technology sectors of the country.
The report says that innovation scene in India is continuously evolving due to a number of initiatives taken by the government and increasing number of research and development centers being opened by multi-national corporations as well as India head-quartered corporations. Further, India has become a key player in the world in terms of exporting goods and services and this has made the Indian companies to realize the importance of protecting their inventions in various geographies.
Polymers and plastics, computing, pharmaceuticals and telecommunications are the top four categories under which priority patents have been published during 2013-15.
Polymers and plastics contributed18 per cent of the total patents published in the top 10 categories in India. Under this category, ‘medical, dental and veterinary application’ remained the key area.
Pharmaceuticals had a 15 per cent share among the top ten patent publishers. Innovation in the Pharmaceutical category is focused mainly on drug combinations, anti-inflammatory drugs and natural products made of plant extracts. Indian headquartered pharmaceutical companies top the list of key assignees with India priority patents in the pharmaceutical sector.
Arvind Pachhapur, South Asia head, Clarivate Analytics, said, “It is encouraging to witness that innovation in India has gained momentum and grown more diverse over the past few years. India has become a preferred destination for multinational companies to power their R&D. India headquartered companies are also increasingly proactive in protecting their intellectual property. Several initiatives by the government aimed at promoting innovation and intellectual property promise to amplify this growth trend.”
