India needs more awareness to understand difference between fake and original goods
Business Standard , Sep 27, 2019
Anurag Singh Thakur, Minister of State, Finance and Corporate Affairs, Government of India, said that the government along with organisations like FICCI must fight against counterfeit trade, smuggling and piracy to save jobs and money. Speaking at the 6th edition of MASCRADE 2019 - 'Containing Counterfeiting, Smuggling and Piracy: A Winning Strategy', organized by FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy), Thakur said that India needs more awareness to understand the difference between fake and original goods.
He urged the stakeholders to leverage use of technology to stop this growing menace. Smuggling, counterfeit trade and piracy hold back progress, raises the cost of goods, leads to tax evasion, hampers job creation and creates safety hazards for consumers, he noted.