
FMCG sector: Govt loss at Rs 16,546 cr due to counterfeit brands
To curb the growing menace of counterfeit brands, FMCG companies ITC and Coca-Cola India, along with the Federation of Indian Chambers of Commerce and Industry (Ficci), are planning to take stringent steps in the next few months. To start with, Ficci’s committee against smuggling and counterfeiting activities destroying the economy (CASCADE) has initiated a pan-India movement against smuggling and counterfeiting amongst youth and consumers. “We are organising the first policy debate of an international level next fortnight in Delhi. Our objective is to enhance our understanding of ‘grey markets’ for smuggled, counterfeit and pirated commercial goods in and outside India, to assess their impact, and to promote effective strategies,” said Anil Rajput, chairman of Ficci CASCADE.
Related Posts
Stop to tobacco smuggling urged
The alarming rise in seizures of contraband and counterfeit cigarettes by customs...
Factory making counterfeit Surf Excel detergent powder busted in Delhi, 1 held
A factory manufacturing and selling counterfeit Surf Excel washing powder was...
Chennai: Two persons held at airport for smuggling gold worth 30 lakhs
Chennai: Two persons were arrested at the airport in Chennai for allegedly...
Bulgarian tobacco firm to halt exports to Middle East after smuggling claims
Bulgarian tobacco company Bulgartabac said it would halt sales to the Middle East...