The government has proposed to reduce fees for various intellectual property rights (IPRs) like patents, designs and Geographical indications for micro, small and medium enterprises and (MSMEs) start-up’s to promote innovation.

Patent application filing cost is proposed to be reduced by 60% form 4000/4400 to 1600/1750. A 60% reduction is also proposed for fees for filing request for examination, and renewal of patents.

Design application filing cost is proposed to be reduced by 50% form 2000 to 1000. A 100% fee reduction is proposed for Geographical indication registration, issuance, and renewal.