Revealed: Big challenge faced by Indian industry

March 28, 2018 by adminficci News 0 comments

Chennai: “The illicit market for fake and smuggled products is one of the biggest challenges faced by Indian industry,” ADGP, Crime Branch CID, Tamilnadu, K Jayanth Murali stated at a seminar on Combating Counterfeiting and Smuggling – An Imperative to Accelerate Economic Development organised by FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy) on Tuesday.

The seminar discussed the importance of increased awareness on the hazards of counterfeiting and smuggling, and the need for effective enforcement to enhance India’s economic development.

Jayanth Murali said, “The illicit market for fake and smuggled products is one of the biggest challenges faced by Indian industry. In India, the issue of fake currency is also a serious problem as it is lucrative, offering higher returns. India has porous borders with countries like Nepal and Bangladesh which gives smugglers good opportunity to smuggle products into India. China is also posing a serious threat to India on this issue.”

https://www.newstodaynet.com/index.php/2018/03/28/revealed-big-challenge-faced-by-indian-industry/