However, there is a downside to the implementation of this law i.e. the patent approval takes a long time as a number of factors are taken into consideration prior to giving the approval for the patent. As a result, the applicant has to wait for long. However, there is now a good news for all the applicants of a patent where the examination time will be reduced to a shorter span.
As the current time taken for the first examination of patent applications is between 5 to 7 years, it will be reduced drastically to 18 months which is the benchmark set in the U.S for the first examination of the patent applications filed. One of the fastest and imperative measures taken by the government recently is to increase the strength of existing 130 examiners of patents and designs to a strength of 458 examiners. Further, 263 examiners are in the pipeline to be soon hired on contractual basis. This target is set to be achieved by March 2018.
The expedition of a trademark has also been doubled with the hiring of around 100 new trademark examiners resulting in the reduction of trademark examination time from 13 months to 8 months. The target is to further reduce the time to one month by March 2017. The same is being followed for patents by start-ups after realizing and identifying the reason as the shortage of manpower behind the pendency of applications in patent department. Adding to it the panel has decided to give its report regarding the patentability of computer-related inventions after April 30 as told by Mr. Abhishek.