Commerce and Industry Minister Piyush Goyal announced that over 5.5 lakh domestic trade mark filings were recorded in India during 2024-25, showcasing the country’s commitment to safeguarding innovators and creators. Emphasizing PM Modi’s vision of “Ideate in India, Innovate in India, Make in India & Make for the World,” Goyal highlighted the Trade Marks Act, 1999, as a crucial element in protecting innovators for the past 26 years.
Goyal praised the Narendra Modi Government’s efforts in enhancing the innovation ecosystem, positioning India favorably in the global Intellectual Property landscape. Notably, the highest number of trade marks were registered in pharmaceuticals, veterinary, and sanitary preparations, indicating sector-specific growth.
The Trade Marks Act serves to protect businesses’ intellectual properties from infringement, fostering brand protection and fair market competition. With periodic revisions to align with global business dynamics, the Act ensures adequate safeguards for trademarks as businesses expand globally. Trade marks, valid for 10 years and renewable in successive 10-year terms, can be refused if deemed descriptive, generic, or similar to existing trademarks.
Policy reforms, digitization, and strategic initiatives have bolstered India’s global standing in the Intellectual Property ecosystem, underlining the country’s commitment to innovation-led growth and global competitiveness.
