New Delhi, Mar 3 (KNN) Union Minister for Commerce and Industry Piyush Goyal said on Thursday that the government is planning to reform India’s patent rules to encourage innovation and research and development (R&D).

He called out the industry and stakeholders to submit suggestions for the revamp.

“We are looking to improvise on the patent laws so that we can invite more R&D, more research and innovation to India," Goyal said at the ‘Mint Zetwerk Smart Manufacturing Summit 2023 on Thursday.

Noting the issues faced by companies regarding data localization and patent laws he said “the government is working on sorting out these problems on a real-time basis”.

The focus on patents and innovation is part of a broader government push to attract investments and position India as a hub for research and development as well as manufacturing.

“If we pledge that we will focus on quality, it will transform manufacturing in the country,” he said, adding the conventional approach of labelling products as ‘export quality’ should be shunned, as all products should be of good quality.

With its focus on ensuring the production of quality products, the centre is also looking at setting up testing centres across the country.  (KNN Bureau)