The high 5 sectors which have been most affected by counterfeiting are — alcohol, tobacco, FMCG packaged items, forex and prescription drugs. They collectively represent greater than 84 per cent of the full counterfeiting incidents reported.
Within the final month, there have been a quantity of instances reported of pretend COVID-19 treatment.
“Counterfeiters are taking advantage of the high demand for medicines, health supplements, safety products, hygiene products and other essentials created due to the COVID crisis and contaminating the market by selling fake and sub-standard products,” stated the report, titled ‘The State of Counterfeiting in India – 2021’.
The pandemic has additionally proven that criminals rapidly adapt to the brand new commerce surroundings and discover methods to infiltrate official provide chains with duplicate and sometimes harmful merchandise.
Professional fraudsters at the moment are utilizing the newest manufacturing and printing applied sciences to duplicate finishes, print packing containers, labels, codes, and packaging that mimic real merchandise completely, ASPA added.
The rising incidents of frauds equivalent to diversion, counterfeiting and black advertising of medicines and others important gadgets are additional including challenges for healthcare professionals already exhausted attributable to scarcity of manpower, it added.
ASPA is a self-regulated trade physique of anti-counterfeiting and traceability options suppliers. Its report research and highlights the tendencies of counterfeiting incidents reported in India for the interval January 2018 to December 2020.
“According to the report, counterfeiting incidents have risen rapidly /steadily in the last few years. On an average the increase in counterfeiting incidents being reported in the last 3 years has been 20 per cent (from January 2018 to December 2020),” it stated.
Uttar Pradesh, Rajasthan, Madhya Pradesh, Jharkhand, Haryana, Bihar, Punjab, West Bengal, Maharashtra and Odisha are the highest 10 states which want pressing consideration in respect to counterfeit incidents, the report added.
Tobacco products confronted the best soar in counterfeiting in 2020 over 2019 and 2018, it stated.
Now counterfeiting actions should not restricted to high-end luxurious gadgets but in addition lengthen to everyday merchandise like cumin seeds, mustard cooking oil, ghee, hair oil, soaps, child care gadgets and medicines.
ASPA President Nakul Pasricha stated counterfeit merchandise and illicit commerce would additional decelerate the Indian financial system restoration.
“A big challenge is that counterfeiters are becoming smarter, better funded, and organized. In this scenario, the onus on all impacted parties to stay ahead of them is even more critical,” stated Pasricha.
Counterfeiters are taking benefit of the pandemic, he stated, including, “The trends we observe are alarming and call for immediate action.”