India’s counterfeit market grows
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.
Related Posts
Group calls for war on counterfeit trade in GCC
June 22, 2015
The Brand Owners Protection Group (BPG), a non-profit organisation committed to...
Illegal cigarettes worth Rs 50 lakh seized in Guntur
October 28, 2024
VIJAYAWADA: Officers from the Central Goods and Services Tax (CGST)...
PIA crew detained for smuggling
June 9, 2015
KARACHI: Officials at Pakistan International Airlines (PIA) were left red-faced...
Cross border co-operation hailed
October 1, 2014
Stormont's Justice Minister David Ford and Dublin's Minister for Justice and...