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'Telangana must spruce up to combat counterfeiting' 

To combat smuggling and counterfeiting activities that is draining India’s economy, the State machinery needs to be spruced up to make law enforcement effective. This was the take away from the Federation of Indian Chambers of Commerce and Industry (FICCI) CASCADE seminar on Combating counterfeiting and smuggling, held on Tuesday in Hyderabad.

“Consumers need to be educated about counterfeit goods as these days there is a narrow gap in the quality difference in packaging between the original and counterfeit goods making it difficult to differentiate,” said State finance minister Etela Rajender at his inaugural address.

The speakers pointed out that buying counterfeit and smuggled goods has led to loss of jobs in the country and as these sectors operate outside the taxable economy.

 

 

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Event:

 FICCI - CASCADE Seminar on Combating Counterfeiting and Smuggling: An Imperative to Accelerate Economic Development