Part 9/14:
For example, the discovery of glue used in postage stamps or the polymerase enzyme—a key component in DNA replication—were accidental discoveries that later generated enormous revenue through patents and royalties. In India, Tata Nano's design involves at least 37 patents, ensuring protection for every innovative aspect.
Other notable areas include patented drugs, trademarks, design protections, and geographical indications—like Darjeeling tea or Rajasthan's crafts—each symbolizing the rich diversity and ingenuity of regional Indian products.
Types of Intellectual Property Rights (IPR)
India recognizes various forms of IPR, each suited to different kinds of creations:
- Patents: For new, non-obvious, and industrially applicable inventions or processes.