Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

India’s counterfeit market grows

September 9, 2015 by admin News 0 comments

Counterfeit and smuggled products account for over one fifth of India’s FMCG market according to a study which says sales of fake goods are growing at a faster rate than the overall market.

A report from industry body FICCI and consultancy firm KPMG said that the counterfeit market was increasing at 44% a year, around four times the speed of the FMCG market; it was estimated to be worth some Rs 1.05 lakh crore in 2014.

http://www.warc.com/Content/News/India39;s_counterfeit_market_grows.content?ID=0e1f2dea-ec2a-48b0-b33b-f7a502751559

Prev
Next

Related Posts

Federal prison nurse sentenced for $22,000 tobacco-smuggling scheme
March 31, 2016

A former nurse at the federal prison in Lexington was sentenced Wednesday to a...

Mumbai: Gutkha worth Rs 2.74 crore seized from godown in Bhiwandi.
January 20, 2020

Mira-Bhayandar: In a prize catch for the Food and Drug Authority (FDA)...

I Spent A Day With A Guy Selling Illegal Cigarettes On The Streets Of New York
October 23, 2014

It’s a cloudy and cool September morning on Staten Island when I make my way to...

Hsa Issues Alert Over Counterfeit Eye Mo Eye Drops
March 2, 2016

The Health Sciences Authority (HSA) yesterday issued a public health and safety...