Revealed: Big challenge faced by Indian industry
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/
Related Posts
Assam Rifles seized illegal areca nuts, foreign-origin liquor and cigarettes
MIZORAM: The Serchhip Battalion of 23 Sector Assam Rifles, under the aegis of...
Fake oregano in UK
A new investigation into food fraud in the UK has claimed 25% of dry oregano on...
Petroleum smuggling rampant in Rautahat
Gas station operators in Rautahat district headquarters Gaur and elsewhere in the...
Kallakurichi hooch tragedy: 2,000 litres of methanol seized from unused petrol bunk in Cuddalore
Kallakurichi: The Crime Branch-CID on Thursday, July 4, 2024, seized 2,000...