India’s IPR regime improved, smart city work progresses in UP: Piyush Goyal
smart city development in Uttar Pradesh is almost sold out and talks are on for the next phase, commerce and industry minister Piyush Goyal said Saturday.
Last month, the Union Cabinet approved setting up 12 industrial smart cities including in Agra and Prayagraj in Uttar Pradesh, with an overall investment of Rs 28,602 crore, employment potential of 1 million direct jobs and up to 3 million indirect jobs and investment potential of Rs 1.5 lakh crore.
At the UP International Trade Show, Goyal also said that India’s intellectual property rights (IPR) regime has improved so much so that in 2014, only 6,000 patents were issued in 2014 but in 2024, one lakh patents were issued.
“We are the 39th rank innovation economy in 133 countries. People who are interested in R&D and innovation, have seen how India’s IPR regime has improved,” he said.
India’s position rose one notch to 39th among 133 global economies in the Global Innovation Index 2024 released by the World Intellectual Property Organization.
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