The draft of the new Intellectual Property Rights policy will go before Cabinet in a month’s time for approval, Department of Industrial Policy and Promotion Secretary Amitabh Kant said on Tuesday.
“India is becoming the centre for research and development. In the last five years, over 1,500 companies, multinational corporations have relocated their R&D wing out of their head offices to Bengaluru and Hyderabad,” Kant told reporters here.
He said: “They are employing close to 150,000 Indians for research and development, but we have to spread this movement for Indians to register their patents.”