 "Budget 2023: Allocation for IPR ecosystem up by 15% to Rs 329 crore")
Allocation in the Budget for the intellectual property ecosystem, including the copyright office and Controller General of Patents, Designs and Trade Marks, has been increased by about 15 per cent to Rs 328.981 crore.
In the revised estimate (2022-23), the allocations stood at Rs 285.41 crore.
The budgetary allocation for the copyright office and Controller General of Patents, Designs and Trade Marks has been hiked to Rs 281.60 crore as against Rs 232.65 crore in the revised estimate, according to the Budget documents.
Similarly, enhanced funds have been allocated to strengthen the Intellectual Property Appellate Board (IPAB), Intellectual Policy Rights (IPR) policy management, and infrastructure development in Controller General of Patents, Designs and Trade Marks.
The office of the Controller General of Patents, Designs and Trade Marks is responsible for the administration of laws relating to IPRs -- Patents Act, 1970; the Designs Act, 2000; the Trade Marks Act, 1999; Geographical Indications Act, 1999; Copyright Act, 1957; and Semiconductor Integrated Circuits Layout Design Act, 2000.
Overall, the allocation for the Department for Promotion of Industry and Internal Trade (DPIIT) rose by about 22 per cent to Rs 8,200.63 crore as against Rs 6,725.01 crore in the revised estimates.
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