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
P17-M shipment of fake cigarettes from China seized anew at Port of Manila
A container filled with counterfeit cigarettes from China was uncovered at the...
75kg gold seized in Benapole
Members of Border Guard Bangladesh in separate raids seized 635 pieces of gold...
Don’t be fooled – Supermarkets selling fake wine in alcohol aisle – some containing just 11% of alcohol
Supermarkets have been caught selling "wine based drinks" in their alcohol aisles...
P500M worth of smuggled goods seized in Tondo raid
MANILA, Philippines—Police seized about P500 million worth of smuggled goods in a...