Reduction in Piracy Can Create More Jobs
BANGALORE: Taking advantage of lax laws governing piracy and smuggling, many people who deal in counterfeit items manage to continue their business after paying fines, said P C Jha, former chairman of Central Board of Excise and Customs and now a member of the Federation of Indian Chambers of Commerce and Industry. Speaking at a seminar on ‘Curbing Counterfeiting and Smuggling’ organised by FICCI, Jha said a 10 per cent reduction in piracy in the IT sector would lead to the creation of 1 lakh jobs, according to estimates. “The laws provide for a two year-jail term or a maximum of `2 lakh fine. When a person makes crores from piracy, `2 lakh is peanuts. Also cases go on for ten years or so. The laws are not strict enough,” he said.
Related Posts
Queen’s speech: selling counterfeit goods to be made criminal offence
Stealing registered designs and selling counterfeit products for profit will...
Md. Comptroller’s Office targets cigarette smugglers
The I-95 corridor used to be known for drug running up and down the East Coast...
Counties to play central role in war against counterfeits
The Anti-Counterfeit Agency (ACA) has said it will work with county governments...
‘Gap-in-wall’ gold smugglers nabbed at Chennai airport
Central Industrial Security Force (CISF) personnel at the Chennai international...