BENGALURU, 31 August 2019: Justice Prathiba M Singh, Judge, Delhi High Court today said that we need to strengthen our enforcement and have better national and international cooperation to contain counterfeiting.
Speaking at a seminar on 'Communication, Coordination and Collaboration - Strengthening the fight against counterfeiting and smuggling', organised by FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy), Ms Singhemphasized on the need for effective enforcement to enhance India?s economic development.
She stressed on the need for education, awareness and sensitization campaigns amongst consumer with special emphasis on the youth to deal with the problem of illicit trade. The seminar discussed the importance of increased awareness on the hazards of counterfeiting and smuggling.
Mr Ullas Kamath, Chairman, Karnataka State Council, FICCI said that counterfeiting and smuggling hurts industries, consumers, government and economies. "It is imperative to understand the need for safeguarding the rights of legitimate industry in developing competitiveness in various sectors of the economy," he said.
Mr Najib Shah, former Chairman, Central Board of Indirect Taxes and Customs and Think Tank Member, FICCI CASCADE said, "The realization of the damage counterfeiting causes is not appreciated. On the other hand, smuggling results in generation of unaccounted wealth and is the immediate trigger for criminal activities. We should aim to work towards creating an environment where people will want to be innovators and manufacturers and importers without fear of their work being plagiarized or having to compete with smugglers."
The seminar was organized in conjunction with National Law School of India University, Bengaluru. Professor Dr MK Ramesh, Vice-Chancellor, National Law School of India University said, "Tackling the menace of counterfeiting and smuggling should be of prime importance with zero defect and zero-effect on the environment. The image of India will shine globally if we strengthen our enforcement of laws, evolve strategies to address this issue and at the same time safeguard the intellect." The Vice-Chancellor extended his support and ensured Law School's commitment to work with FICCI CASCADE in its fight against smuggling and counterfeiting.
The seminar has been organized in a series of such events to be organized across the country as part of a nation-wide awareness campaign to highlight the issue and focus on the growing menace of illegal trade. The event was attended by more than 100 industry captains, representative from consumer forums, government officials and stakeholders in this segment.
As per FICCI CASCADE report released in 2015, the total loss to the government on account of illicit markets in just seven manufacturing sectors is Rs 39,239 crore. Of the various sectors, the maximum revenue loss to the exchequer is attributed to tobacco products, estimating a revenue loss of Rs 9,139 crore, followed by mobile phones at Rs 6,705 crore and alcoholic beverages at Rs 6,309 crore.
FICCI MEDIA DIVISION
Communication, Coordination and Collaboration- Strengthening the fight against counterfeiting and smuggling
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