Proposed Reduction In IP Application Fees For MSMEs

Micro, Small, and Medium Enterprises (MSMEs) are key drivers of economic growth, and the Government of India has been especially cognizant of their demands and concerns, by supporting and encouraging startups and MSMEs through various schemes and incentives introduced from time to time.

Given the Government of India's 'Make in India' push, the Indian MSME sector is poised for rapid growth and integration with major global value chains. MSMEs are the center of innovation, and in recognition of the importance of nurturing innovation and creativity in a knowledge economy, the Government of India has taken strides in strengthening the intellectual property ecosystem. On September 16, 2019, the Government issued a Notice proposing reduction in fees for various IPR applications, clearly targeted at MSME applicants: