Stricter laws needed to prevent counterfeiting: Experts
SME Times , Nov 03, 2018
A group of experts taking part in the 5th edition of MASCRADE - 2018, organised by industry body FICCI on November 1-2, viewed that tougher laws are needed to counter the lingering challenge of counterfeiting goods.
Speaking at the event, Justice Arjan Kumar Sikri stated that the laws should be deterrent enough to dissuade perpetrators from such activities.
"I am of the firm conviction that there is a great connect between economics and law. Judges have to keep in mind the economic implications, while granting injunctions in respect to counterfeiting and smuggling. To combat such crimes, judiciary must ensure speedy disposal of cases," he said.
D P Dash, Director General, Directorate of Revenue Intelligence said that as India's ranking on the Ease of doing business index improves, challenges to law and enforcement agencies increases among which the biggest challenge is to protect brands in India.
M M Oberoi, IPS, Special Commissioner of Police Special Cell, Delhi Police, said "Today the use of cyber space for economic offenses has reached higher levels and ransomware attacks on financial sector is the major concern for Delhi Police".
The conference saw a host of notable international speakers from World Intellectual Property Organization (WIPO), INTERPOL, United Nations Office for Drugs and Crime (UNODC), Organization for Economic Corporation and Development (OECD), US Homeland Security, NBC Universal and captains from the industry across sectors.
Notable senior government officials from DIPP, Department of Law and Justice, Central Board of Indirect taxes and Customs, Directorate of Revenue Intelligence, Delhi Police, extended their support to this initiative.