Niti Aayog Proposes Revamp of Intellectual Property Regime to Boost Manufacturing

Strategic Insights -

Niti Aayog has proposed a significant overhaul of India's intellectual property regime to streamline approval mechanisms for modern technology applications in manufacturing. This move is part of its 10-year roadmap to develop a future-ready, frontier technology-enabled manufacturing ecosystem in the country. According to the Aayog, this revamp has the potential to increase the share of manufacturing in the country's GDP from 15-17% to 25% by 2035, generating over 100 million jobs and establishing India as one of the top three global hubs for advanced manufacturing.

Key Takeaways:

  • The Niti Aayog proposes a comprehensive revamp of India's intellectual property regime to facilitate streamlined approval mechanisms for modern technology applications in manufacturing.
  • The Aayog aims to increase the share of manufacturing in India's GDP from 15-17% to 25% by 2035, generating over 100 million jobs.
  • The proposed reforms include sustained government and industry funding for technology innovation to support pilot-to-scale transitions in technologies such as robotics and advanced materials.
  • The Aayog suggests shared R&D and testing infrastructure to reduce individual capital expenditure burdens and promote collaborative innovation.
  • Artificial intelligence & machine learning, advanced materials, digital twins, and robotics have been identified as high-impact enablers to create a world-class manufacturing ecosystem in India.
  • The Aayog recommends positioning advanced manufacturing as a strategic priority under the National Manufacturing Mission and establishing the Global Frontier Technology Institute in India as a centre of excellence.

Statistics:

  • Current share of manufacturing in India's GDP: 15-17% (Niti Aayog)
  • Proposed target share of manufacturing in India's GDP by 2035: 25% (Niti Aayog)
  • Potential jobs generated by the proposed reforms: over 100 million (Niti Aayog)
  • Target ranking for India among global hubs for advanced manufacturing by 2035: top three (Niti Aayog)
  • Duration of Phase 1 of the proposed roadmap: FY2026-FY2028 (Niti Aayog)

Sources:

  • "Reimagining Manufacturing: India's Roadmap to Global Leadership in Advanced Manufacturing" report by CII and Deloitte
  • Niti Aayog's 10-year roadmap for developing a future-ready, frontier technology-enabled manufacturing ecosystem in India