Industry minister piyush goyal

Industry Minister Piyush Goyal: Union Commerce and Industry Minister Piyush Goyal on Tuesday announced a three-year waiver on fees for all intellectual property (IP) registrations related to sports, in a move aimed at boosting innovation and strengthening India’s sports ecosystem.

The announcement was made during the World Intellectual Property Day celebrations in the national capital, themed “IP and Sports: Ready, Set, Innovate!”.

The fee exemption will cover all categories of IP, including trademarks, copyrights, patents, designs, traditional knowledge and geographical indications, and will come into effect immediately.