Parliamentary Panel Proposes Capital Expenditure Framework, Boosts IP & Exports

• A parliamentary panel recommends a Capital Expenditure Efficiency Framework (CEEF) to prioritize and monitor projects based on growth potential, economic returns, and ease of doing business.
• The panel suggests measures to incentivize overseas patent filings by Indians, including tax credits or a simplified Global IP Filing Incentive Scheme, to protect inventions and enhance global competitiveness.
• A dedicated patent commercialization fund is proposed to provide grants or soft loans for pilot production, validation, and scale-up of institution-owned patents.
• The committee recommends targeted measures to enhance export competitiveness, diversify India’s merchandise export basket towards high-value sectors, and revitalize labor-intensive industries.
• The panel supports RBI and DGFT steps to promote international trade settlement in Indian Rupees (INR) and suggests an inter-ministerial monitoring mechanism for its sustainable internationalization.