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Indian Patent Offshoring Sector Is Growing

by Lorys Charalambous, LawAndTax-News, Cyprus

21 November 2008


Indian market research company ValueNotes has produced a report which estimates revenues from the Indian patent services offshoring industry at USD46m for the calendar year 2007; revenues are expected to reach USD206m by 2012.

Tasks undertaken by the sector include patent searches, patent illustration and proofreading, patent drafting, patent analytics, patent asset management, patent litigation support and patent consulting.

ValueNotes says that the sector is still in its infancy with a history of only about 3 to 4 years behind it, but estimates that it employs more than 1,500 professionals in 50 firms. The total size of the sector is estimated at over USD2bn.

According to Subha Kalathur, analyst and co-author of the report, “Indian vendors have significant opportunity to grow as the current addressable market is 50 times the current size of the industry. Having already established relationships with American companies and law firms, vendors also have significant opportunity in taking on work from the Patent Offices.”

According to Arun Jethmalani, CEO, ValueNotes, 'The established vendors with exposure to high-value services will look to complete their array of offerings to attract more business from their existing clients. They will look to leverage end-to-end solutions.'


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