India’s IPR regime improved, smart city work progresses in UP: Minister
SMART CITIES

India’s IPR regime improved, smart city work progresses in UP: Minister

The first phase of smart city development in Uttar Pradesh (UP) is almost sold out and talks are on for the next phase, said Piyush Goyal, minister, commerce and industry. Last month, the Cabinet approved setting up 12 industrial smart cities including in Agra and Prayagraj in Uttar Pradesh, with...

The first phase of smart city development in Uttar Pradesh (UP) is almost sold out and talks are on for the next phase, said Piyush Goyal, minister, commerce and industry. Last month, the Cabinet approved setting up 12 industrial smart cities including in Agra and Prayagraj in Uttar Pradesh, with an employment potential of 1 million direct jobs and up to 3 million indirect jobs and investment potential of Rs 1.5 trillion. At the UP International Trade Show, he said that India’s intellectual property rights (IPR) regime has improved so much that in 2014, only 6,000 patents were issued in 2014 but in 2024, one 100,000 patents were issued. We are the 39th rank innovation economy in 133 countries. India’s position rose one notch to 39th among 133 global economies in the Global Innovation Index 2024 released by the World Intellectual Property Organisation.

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