Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

India’s counterfeit market grows

September 9, 2015 by admin News 0 comments

Counterfeit and smuggled products account for over one fifth of India’s FMCG market according to a study which says sales of fake goods are growing at a faster rate than the overall market.

A report from industry body FICCI and consultancy firm KPMG said that the counterfeit market was increasing at 44% a year, around four times the speed of the FMCG market; it was estimated to be worth some Rs 1.05 lakh crore in 2014.

http://www.warc.com/Content/News/India39;s_counterfeit_market_grows.content?ID=0e1f2dea-ec2a-48b0-b33b-f7a502751559

Prev
Next

Related Posts

35 lakh tablets, 2 quintal tramadol powder seized
June 4, 2021

As many as 35 lakh tablets and two quintals of tramadol powder were seized by the...

International – Only a quarter of brand owners participate in anti-counterfeiting coalitions, survey reveals
September 25, 2013

Data shared at last week’s Intellectual Property Owners Association (IPO) annual...

One In Five Online Shoppers Buy Fake Goods
November 21, 2012

One in five online shoppers hunting for a bargain is tricked into buying...

DRI: Gang smuggled Rs 1,000 crore gold in eight months till racket was busted.
June 30, 2019

MUMBAI: Directorate Revenue of Intelligence (DRI), probing the 110kg gold...