From January 1, companies can get .IN domain names online. The government has already appointed Net4India as one of the registrars for .IN registration, official sources said.
With the new policy, the minimum fee charged for .IN registry will be Rs 250 and Rs 750 per year for registration at third and second levels respectively.
This will also help in improving Internet speed in the country and reducing tariffs as a country domain name generates a lot of traffic, the sources said.
The .IN registry will offer a 90-day 'sunrise period' to the trademark owners, registered companies and owners of intellectual property to secure registration of domain names.
Also, the zones for government, military and educational institutions would be reserved exclusively for the respective organisations.
The registration for these will be offered by NIC, an organisation nominated by the defence ministry and ERNET.The general public would not be allowed to avail the names of constitutional authorities, states and union territories and those used by the .IN registry.
Unlimited generic .IN registration will be offered at both second and third levels in the globally popular zones like .co.in and .org.in.
At present, there are 60 million domain names globally out of which 40 million constitute the .com names and the remaining 20 million are country-specific. In India, however, the .IN domain number is less than 7000.