TestCloud
Prep • Practice • Perform
Log In

Union Minister Piyush Goyal Presents National Intellectual Property Awards 2024.

Awards | Dated: 28 Mar 2025

On March 26, 2025, Union Minister Piyush Goyal, Minister of Commerce and Industry (MoC&I), conferred the National Intellectual Property (IP) Awards 2024 at a prestigious award function held at Bharat Mandapam, New Delhi (Delhi).

🎯 Key Highlights:

  • - The awards are presented annually to recognize and honor individuals, institutions, organizations, and enterprises for their exceptional contributions to IP creation and commercialization.
  • - This initiative highlights India's commitment to fostering innovation and strengthening its IP ecosystem, aligning with the vision of a Viksit Bharat.
  • - The National IP Awards 2024 were presented across 13 categories, recognizing remarkable contributions from individuals, academic institutions, startups, and corporations, further solidifying India’s position as a global innovation leader.

💡 Other Important Facts:

  • (i) Global Innovation Index (GII) 2024: India improved its rank from 81 (2015) to 39 (2024).
  • (ii) India now ranks sixth globally for trademark filings, with approximately 100,000 patent grants in the past year, reflecting a surge in IP activity.
  • (iii) An 80% fee reduction has been introduced for women entrepreneurs, startups, and Micro, Small & Medium Enterprises (MSMEs) to enhance IP participation.

📚 Test Your Knowledge:

Which Union Minister presented the National IP Awards 2024 on March 26, 2025?

Correct Answer: Piyush Goyal

🚀 Quick Recap: