Constant Vigilance required to restrict counterfeiting menace
Business Standard , Sep 30, 2019
Justice Uday Umesh Lalit, Judge, Supreme Court of India today said counterfeiting is cancerous to the society and constant vigilance is required to restrict the menace. Speaking on the concluding day of two-day MASCRADE 2019, organized by FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy), Justice Lalit stated that counterfeiting is like a cancerous cell eating into the body of the society. Judiciary, executive and legislature must work together to stop the menace of counterfeiting and smuggling.
There must be a body to conduct constant and vigilant monitoring to curb counterfeiting before it takes place. MASCRADE 2019 (Movement Against Smuggled and Counterfeit Trade), organized for national and international stakeholders to identify opportunities for joint actions, deliberated on policies needed to curb counterfeiting, smuggling and piracy. Over the last two days, the conference looked at the economic consequences of the illegal trade, deepened the understanding of grey market, assessed the impact and tried to provide practical recommendations, and contributed to an integrated vision of security and public safety. The conference saw a host of notable international speakers from INTERPOL, US Intellectual Property-South Asia, UK Intellectual Property Office, Australian Border Force, HM Revenue and Customs and US Homeland Security, and captains from the industry across sectors.