India's Department of Industry Policy and Promotion (DIPP) granted 10,000 patents between April 2007 and January 2008, significantly higher than the 7,000 patents granted between April 2006 and March 2007 said TC James, director, on the sidelines of the second annual global forum on innovation, creativity and intellectual property.
However, he added that though several Indian companies are investing in research and development, more than 60 pct of the patents registered in India are by companies from developed countries like the US, Japan and Europe. About 24,000 patent applications were filed in fiscal 2006-07, but 29,000 were filed between April 2007 and Jan 2008, he said.
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