28,091 patents granted till March 15 this financial year: Govt tells Parl

As many as 28,091 patents were granted as of March 15 in this fiscal compared to 28,391 in 2020-21, Parliament was informed on Wednesday.

In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Som Parkash also informed that 15,283 patents were granted in 2018-19.

Replying to another question on edible oil, Commerce and Industry Minister Piyush Goyal said that India is the largest importer of palm oil in the world.

India’s import of edible oils stood at 1,35,40,020.94 tonnes in 2020-21.

At present, adherence to the NDPE (No Deforestation, No Peat, No Exploitation) policy is not mandatory for the import of palm oil into India, he said. However, both Malaysia and Indonesia, which are the major suppliers of palm oil to India, have certification schemes to promote sustainability in palm oil production.

“It is mandatory for palm oil produced in Malaysia to be certified under the Malaysian Sustainable Palm Oil (MSPO),” Goyal said.

In order to reduce dependence on imports, the government has launched the National Mission on Edible Oils – Oil Palm (NMEO-OP) with the aim to augment the availability of edible oil in the country by harnessing area expansion and increasing crude palm oil production.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor