Union Minister of Commerce and Industry Piyush Goyal on Wednesday launched an AI (artificial intelligence) and ML (machine learning) search tool that will help clear trademark applications with greater speed and efficiency.

Minister He said AI has to be embraced by all as it will help promote ease of doing business in every sector.

“This (AI/ML search tool) will help clear trademark applications very quickly, efficiently and accurately,” Goyal said.

He added that AI is an existential tool and its rapid adoption will improve work outcomes.

The commerce minister also said that the search tool and IP (intellectual property) chatbot will further strengthen the country’s IPR ecosystem. A chatbot will help process queries faster.

India is the world’s third largest trademark and sixth largest patent filer.

Goyal pointed out that last year, over 1 lakh patents were granted compared to 6,000 in 2014-15.

Startups

On September 16 Piyush Goyal had launched the Bharat Startup Knowledge Access Registry (BHASCAR) initiative under the ‘Startup India’ programme.

“Enlightenment, light, growth and Bhaskar with Surj will help enable collaboration, cooperation and even competition among each other,” Goyal said in a statement.

Bhaskar is designed to integrate and empower India’s fast-growing startup ecosystem by offering a one-stop solution for seamless collaboration, knowledge sharing and innovation.

The Minister said that the Center will work to make the ecosystem social, democratic and visible to the world.

“Technology and interconnectivity will help Indians to ‘Brand India’ to market their products and services globally and change the image of India to the rest of the world,” he said.

The minister emphasized that the government wants the startup industry to be independent and maintain integrity, quality and credibility to achieve global success.