IEcoS (Economic Services) Indian Economics Foreign Trade-Direction and Organization of Trade Terms and Persons (Page 7 of 8)

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Process Patent

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A process patent is granted for a particular manufacturing process, and not for the product itself. Any other person can produce the same product through some other PROCESS, modifying the parameters (like temperature, proportions etc.)

Product Patent

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This is an exclusive right given to the original inventor of a product i.e.. no other manufacturer can provide the same product through the same or any other process.

RESCO Model

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RESCO Model is one of the models followed by Solar Energy Corporation of India (SECI) for solar rooftop installation. Here, the entire system is owned by the developer. Responsibility of O&M for the system lifetime (25 years) is also with the developer. Rooftop owners may consume the electricity generated, for which they have to pay a pre-decided tariff on a monthly basis. Excess generation may be exported to the grid, subject to availability of requisite state regulations. In this case, the developers are selected through a tariff-based reverse bidding (in phase IV) .