80% fee cut for recognised institutes applying for patents: Piyush Goyal

Commerce and industry minister Piyush Goyal on Tuesday announced an 80-per cent fee reduction to all recognised educational institutions applying for patents, whether in India or abroad.
 
In the past, they were available only to recognised educational institutions owned by the government.
 
“I think it is quite unfair that this is restricted only to innovation coming out of government institutions," said Goyal at a virtual event organised by the Confederation of Indian Industry.

Total fee - filing, publication, and renewal - for an institute, which is around Rs 4.24 lakh now, will be reduced to Rs 84,900.