The Cabinet Committee on Economic Affairs (CCEA) has given its approval to implement the scheme of the Council of Scientific and Industrial Research (CSIR) on Intellectual Property and Technology Management (IPTM) at a total cost of Rs. 145.15 crore over the period of Tenth Five Year Plan. Out of the total cost of Rs. 145.15 crore, Rs.100 crore would be met through the plan budgetary support to CSIR and Rs. 45.15 crore from earnings of CSIR laboratories.

The total foreign exchange component of the expenditure during the X Plan Period is Rs. 115.45 crore. The scheme aims to create of an intangible, intellectual property asset for CSIR and the nation.

CCEA has also given its ex-post-facto approval for the expenditure of Rs. 70.75 crore incurred during the first three years of X Five Year Plan.

The scheme is of immense value to CSIR and India and will demonstrate that Intellectual Property (IP) could be developed as a valued property asset. Its astute management can help to realise returns from the asset. Indirectly, it will help to reassure the Indian R&D community of the importance of protecting their IP and enable the Indian industry to bargain for and secure access to hitherto closely held strategic technologies. The primary beneficiary is the CSIR as the Intellectual Property Rights (IPR) will help establish its global position, realise value and earning from it. It will indirectly benefit the Indian S&T community and the industry as it will demonstrate skills for management of IPR nationally.