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INDIAN COMPANIES LAG BEHIND GLOBAL GIANTS IN PATENT PRODUCTION: FAST INDIA
The Business Guardian
|July 22, 2024
Indian companies significantly lag behind their global counterparts in patent output, a recent study by the Foundation for Advancing Science and Technology (FAST India) in collaboration with IIFL Securities revealed
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The report highlights the striking disparity, with global firms producing 14.1 times the number of patents per billion USD revenue compared to Indian firms.
However, the report noted that a few Indian companies are performing well on the global stage. Companies like PI Industries, UPL, and SRF have shown a significant performance on par with the global firms in terms of patents by revenue.
The study ranks the top firms globally based on patents by revenue, with Korean chemical company, LG Chem topping the list. LG Chem’s patent output is 2.6 times that of Swiss multinational firm Sika AG, which ranks second.
Esta historia es de la edición July 22, 2024 de The Business Guardian.
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