Report Analyzes Counterfeiting In India
The Authentication Solution Providers’ Association (ASPA), a self-regulated industry body of anti-counter- feiting and traceability solutions providers unveil the first edition of its report The State of Counterfeiting In India - 2020 , that highlights the trends of counter- feiting incidents reported in India for the period 2019 and 2018. According to the report, counterfeiting incidents have risen steadily in the last few years and in 2019 these have increased by 24 percent as compared to 2018. Globally, counterfeiting now stands at 3.3 percent of global trade and is impacting the social and economic development of countries. Even in the Covid-19 crisis, it has been observed that the criminals are taking ad- vantage of the high market demand for personal pro- tection and hygiene products and providing fake and sub-standard products which are a direct threat to our paramedical professionals, security volunteers, and so- ciety at large. The key findings of the report are as follows: • The number of counterfeit incidents in India in- creased by 24 percent between 2018 to 2019. • The top 10 sectors with the highest number of counterfeit cases reported include currency, FMCG, alcohol, pharmaceutical, documents, agriculture, infra- structure, automotive, tobacco, lifestyle and apparel. Amongst these currency, alcohol and FMCG continue to be the top three sectors with the highest counter- feit incidents in the last two years. Among these, the FMCG sector is most vulnerable as counterfeit inci- dents in the sector increased by 63 percent between 2018 (79) to 2019 (129). • States including Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, West Bengal, Punjab, Jharkhand, Delhi, Gujarat, and Uttarakhand are amongst top ten States which need urgent attention to frame anti-coun- terfeiting policy mechanism. UP continues at the top followed by Bihar, Rajasthan and together these three States represent almost 45 percent of the total coun- terfeit incidents reported in India in the last two years. • Counterfeiting activities are not limited to high- end luxury items. Common day to day items including cumin seeds, mustard cooking oil, ghee, hair oil, soaps, baby care vaccines and medicine are increasingly re- ported counterfeited by criminals. • A spike in cases being reported about fake hand sanitizers, masks, and PPE kits has been observed during the COVID crisis. Between February to April 2020, more than 150+ cases of counterfeit incidents had been reported including fake PPE kits, sanitizers, and masks.
6 August 17, 2020 Flexo Market News
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