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

Department of Revenue reports on cigarette enforcement
April 30, 2014

Department of Revenue reports on cigarette enforcement activities Since July...

$9 Million Worth of Counterfeit Goods Seized In Downtown Kingston.
December 18, 2018

Counterfeit goods valued at $9 million have been seized by investigators from the...

Student smuggled 33,800 cigarettes from Poland through Scots airports
April 17, 2015

A student caught smuggling 33,800 cigarettes into Scotland from Poland claimed...

Counterfeit pro audio products seized in China factory raid.
March 20, 2019

A factory raid in China has resulted in the seizure of counterfeit Shure,...