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Minister of Commerce and Industry, Consumer Affairs & Food & Public Distribution and Textiles Piyush Goyal has said that today, technology & ideas are the twin engines of growth, IPR is the fuel that powers them and this award not only recognises the innovative ideas of individuals & institutions but also serves as an inspiration for others. He said there is need to bring an IP revolution for Inclusive Progress in the nation and strengthening IPR laws. He said it will boost job creation, quality, competitiveness & manufacturing.

Further, the Minister said that powered by Intellectual Property, India can be the 'Innovation Powerhouse' of the world. Goyal said that Intellectual Property Rights actually translates into India’s progress in real-time and extend Intellectual Property Right to India’s Prosperity Right. He also said “we must aim to make India the Design hub of World”.

Besides, he said one major initiative in this direction has been - National IPR Policy for “Creative India, Innovative India”. He said other key initiatives are Fee Concessions like 10% rebate on online filing, 80% fee concession for Start-ups & Small Entities. The Minister said that IPR filing procedures are now more compact, time-bound, user-friendly & compatible for e-transactions. He said that comprehensive e-Filing facility, Electronic processing of Patents & Trademarks applications, are bringing transparency & ease of access for those IPR seekers.