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Initiative to Incentivize Intellectual Property Creation in Technical Textiles

India is in the process of establishing a framework to incentivize both industry and academia for creating copyrights, trademarks, and patents in technical textiles primarily designed for non-aesthetic purposes. The Ministry of Textiles has put forth a proposal entailing a 10-year period of exclusive rights for industry players to commercialise intellectual property (IP) if their funding contribution accounts for at least 50% of projects financed under the National Technical Textiles Mission (NTTM).

date:  28/03/2024

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