Union Minister of Commerce and Industry Piyush Goyal An AI and ML search tool was launched on Wednesday that will help process trademark applications at a faster pace and with greater efficiency.
The Minister He said AI will have to be accepted by everyone as it would help further promote ease of doing business in all fields.
“This (AI/ML search tool) will help process trademark applications much faster, more efficiently and accurately,” Goyal said.
AI is an existential tool and its faster adoption would improve work outcomes, he added.
The Commerce Minister also said that the IP search tool and chatbot would further strengthen the country’s IP ecosystem. The chatbot will help process queries faster.
India is the third largest trademark applicant and sixth largest patent applicant in the world.
Last year, more than one lakh patents were granted, up from 6,000 in 2014-15, Goyal said.
Startups
On September 16th, Piyush Goyal launched the Bharat Startup Knowledge Access Registry (BHASKAR) initiative under the ‘Startup India’ programme.
“With the Sun comes illumination, light, growth and BHASKAR will help in collaboration, cooperation and also enable competition among them,” Goyal said in a statement.
BHASKAR has been designed to unify and empower India’s fast-growing startup ecosystem by offering an end-to-end solution for seamless collaboration, knowledge sharing and innovation.
The minister said the Centre will work to make the ecosystem socialised, democratic and visible to the world.
“Technology and interconnectivity will help Indians build ‘Brand India’ as a tool to market our products and services across the world and help us change the image of India in the eyes of the rest of the world,” he said.
The Minister stressed that the government wants the startup industry to be independent and reach a global level while maintaining integrity, quality and the conviction to succeed in the world.
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