Govt taking steps for MSMEs to monetise creative inventions By IANS | 5 Views 'MSMEs should adopt new digital solution for growth'(photo:Pixabay). Image Source: IANS News New Delhi, April 28 : The Centre has been taking all necessary measures to spread awareness on the significance of intellectual property rights in protecting and monetizing their creative inventions, a senior official said on Wednesday. Addressing a webinar on 'From Minds to Market: IP Exploitation by MSMEs', organised by FICCI, Rajendra Ratnoo, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) stressed on the need for Indian SMEs to increasingly protect their innovative products.