Almost 25-30 per cent of all products sold in the country are spurious with counterfeiting being most prevalent in apparel and FMCG sectors, followed by pharmaceutical, automotive, and consumer durables, a report said on Monday. Apparel tops the list with 31 per cent counterfeit products, while fast moving consumer goods or FMCG (28 per cent), and automotives (25 per cent) are the other major segments where consumers come across counterfeit products, followed by pharmaceuticals (20 per cent), consumer durables (17 per cent), and agrochemicals (16 per cent), a joint report by Crisil and the Authentication Solution Providers Association said.
Counterfeits constitute 25-30 pc of the market: Report
Related Posts
Rs 8-lakh fake currency seized, 1 held
April 19, 2021
New Delhi: Delhi Police’s Special Cell has seized fake currency with a face value...
AR recovers textile items worth Rs 1.74 cr
June 26, 2021
Imphal, June 26 2021: Tengnoupal Battalion of IGAR (South) foiled cross border...
Tobacco Smuggling Rises Explosively as Gov’t Is Set to Raise Cigarette Price
October 7, 2014
As the government’s decision to raise the cigarette prices by 80 percent from...
EUBAM: smuggling of cigarettes to Transnistria drops to zero
January 19, 2015
The joint efforts of border guard and customs agencies of Moldova and Ukraine as...