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TATA Group headed by Cyrus Mistri, has some big plans to increase its patent base to more than 4000 in the span of coming three years, says the group's first chief technology officer Gopichand Katragadda.
Chairman Cyrus Mistri hired Katragadda from General Electric last year eyeing to boost research and development operations and to craft technology approaches for its diversified business. Katragadda quoted that the group has plans to spend about $100 billion in doing patent analytics, charting innovations and providing aid to employees with patent filing. He added that there is a need of awareness regarding the patent publication and filing, in order to achieve the same the group has recently concluded a training program on technology road mapping for company CTOs.
The group in the last decade had a 15 fold increase in innovation across its 70 companies since it started the annual competition of ideas called Tata Innovista.
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