30% FMCG items fake, counterfeit auto parts cause of 20% accidents: FICCI
FICCI CASCADE, the industry body working on addressing unlawful trade activities in India, says there’s an urgent need to increase awareness in consumer as well as lawmakers and enforcement agencies.
Around 20 per cent of accidents on Indian roads are caused by counterfeit automobile parts, while 30 per cent of FMCG items sold are fake, but 80 per cent of consumers still believe that they are using genuine products, according to FICCI CASCADE.
Stating that illicit products are adversely affecting Indian consumers, the industry body which is working on addressing the issue of unlawful trade activities in India, said there’s an urgent need to increase not just awareness in consumer but also among lawmakers and enforcement agencies.
FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy) further said counterfeiting and illicit trade has also led to huge revenue loss to the exchequer.
Related Posts
Assam Rifles seizes foreign cigarettes worth over Rs 6 lakh at Champhai
AIZAWL: In yet another success in its crusade against smuggling activities, the...
Northern police seize smuggled products
LAO CAI (VNS) — Police in the northern border province of Lao Cai uncovered a...
Fake Apple items smuggled into NYC from China, officials say
A special NYPD investigative unit working with federal agents arrested four men...
4 arrested for selling imported cigarettes in Mancherial.
Mancherial: Sleuths of Ramagundam Task Force busted a four-member gang involved...