Published in:
NDTV Profit
Pubished on:
23 Jul 2016
New Delhi: To improve ease of doing business in the country, Commerce and Industry Minister Nirmala Sitharaman on Saturday said a start-up would now need only a certificate of recognition from the government to avail intellectual property rights-related benefits.
Earlier, a budding entrepreneur had to go through an elaborate process of approaching an inter-ministerial board to procure the IPR benefits.
"A start-up would now require only a certificate of recognition from the Department of Industrial Policy and Promotion (DIPP) and would not be required to be examined by the inter-ministerial board, as was being done earlier. This is one rapid change that we have brought in," she said here at the 'Start-up India States' Conference'.