
Over a fifth of FMCG products in India are fake or smuggled
Walk down the public bridge of any local railway station here or any other city for that matter and it is not uncommon to find popular consumer products available dirt cheap. But before you rush to make a purchase, consider it might be a fake.
Despite the war mounted by fast-moving consumer goods (FMCG) companies on counterfeiting, the menace hardly seems to have abated. A recent study by advisory firm KPMG and the Federation of Indian Chambers of Commerce and Industry (Ficci) shows sales of fake consumer goods are growing faster than the overall consumer products market.
Related Posts
Legislature could ignite rush to smuggle cigarettes
“Tax ’em if you got ’em.” That could be the motto of the California Legislature –...
Officials vow to stamp out counterfeiting
Finance Minister Ibrahim Al-Assaf said commercial fraud and counterfeiting have...
About Rs 39,000-crore loss in one year due to illicit markets in manufacturing sectors: FICCI report
Illicit market in just seven select manufacturing sectors including FMCG,...
UP ATS arrests man for smuggling fake currency notes
Lucknow, Jul 28 (PTI) The Anti-Terror Squad (ATS) of the Uttar Pradesh Police...