The New Year has started on a positive note for many foreign entities that will now be entitled to obtain speedy examination and even grant of patents. This will now be possible due to the recently amendment to the Patent Rules, 2003, notified by the Department of Industrial Policy and Promotion.

The Indian IP system is continuously being criticized in the global media and in the IP world as being slow to grant/ register IP rights; to some extent even the local IP counsels and professionals add fuel to this In various platforms it has often been stated that the delay in the grant of patents in India is often a deal breaker for a lot of companies.

The Indian Supreme Court on 14th December, 2017 passed a retrograde decision which will have a direct impact on genuine and foreign proprietors of trade marks. Prior to this decision, India was considered as a “safe haven” for trademark owners.

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