Counterfeiters

Almost 25-30% products sold in India spurious with counterfeiting: Report

Almost 25-30 per cent of all products sold in the country are spurious with counterfeiting being most prevalent in apparel and FMCG sectors, followed by pharmaceutical, automotive, and consumer durables, a report said on Monday. Apparel tops the list with 31 per cent counterfeit products, while fast moving consumer goods or FMCG (28 per cent), and automotives (25 per cent) are the other major segments where consumers come across counterfeit products, followed by pharmaceuticals (20 per cent), consumer durables (17 per cent), and agrochemicals (16 per cent), a joint report by Crisil and the Authentication Solution Providers Association said. As much as 27 per cent of consumers are unaware that products are counterfeit at the time of purchase, but 31 per cent willingly purchase spurious products, the report said. The report covered 12 cities of Delhi, Agra, Jalandhar, Mumbai, Ahmedabad, Jaipur, Indore, Kolkata, Patna, Chennai, Bangalore, and Hyderabad. According to Suresh Krishnamurt

Counterfeiting, smuggling develop into substantial threat to global economy

Jaspal Singh IPS, Director General of Police, Goa informed that awareness is the first step towards enforcement as the problem of trade in illicit products emanates from the lack of awareness.

Rs 58.5K cr of taxes lost in 5 industries due to illicit trade: FICCI study

Says 1.5 mn jobs lost because of such trade; FMCG sector worst affected

Snapdeal, 4 Indian shopping complexes figure in US Notorious Markets List

Snapdeal, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy

Counterfeiting up 24% in 2019, burnt a Rs 1-trn hole in economy: Report

The report also said counterfeiters are having a free-run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand

Amazon's foreign websites named in US piracy and counterfeiting report

The Office of the U.S. Trade Representative on Wednesday cited allegations of counterfeit goods sold on the Seattle-based online retailer's websites in Canada, Germany, France, India and the UK

Amazon introduces 'Project Zero' in India to block counterfeit goods

Over 7,000 brands have already enrolled in Project Zero across US, Europe and Japan. A number of Indian brands participated in a pilot to help the company test the experience in India