- September 28, 2019
- Posted by: @webmaster
- Category: Current Affairs News
Why in News?
Recently, the 6th Edition of MASRCADE (Movement against Smuggling and Counterfeit Trade Scheduled) was organized by FICCI in New Delhi.
About the Programme
The event was organized with a theme “Containing Counterfeiting, Smuggling and Piracy: A winning strategy” by FICCI CASCADE (Committee against Smuggling and Counterfeiting Activities Destroying the Economy).
Speaking at the programme, Mr. Anurag Thakur, Union Minister of State Finance and Corporate Affairs, said that India needs more awareness to understand the difference between fake and original goods. He urged the stakeholders to leverage use of technology to stop this growing menace.
The event brought together stakeholders from governments, private sector, international organizations, law enforcement agencies and civil society for a series of action-driven dialogues to combat illicit trade. Speakers from INTERPOL, US Intellectual Property-South Asia, UK Intellectual Property Office, Australian Border Force, HM Revenue and Customs and US Homeland Security, among others, along with key dignitaries from the Indian government, police, judiciary, customs and captains of the industry spoke at the conference.
To encourage and acknowledge the work of the law enforcement agencies, FICCI CASCADE also felicitated the best performing officers for the year 2018-19 for their outstanding achievement in the prevention of counterfeiting and smuggling, and enforcement of anti-smuggling and anti-counterfeiting laws.
Other Highlights from the Event
FICCI CASCADE will release a detailed report titled – Impact of Smuggling on Indian Economy and Employment, during its annual flagship event MASCRADE 2019 scheduled.
The report will be a compilation of facts and figures on smuggling and adopts a research approach and methodology that estimates the loss of employment and revenue in the five key industries namely: Textiles, Readymade Garment, Tobacco Products (Cigarettes), Capital Goods (Machinery and Parts) and Consumer (Electronics) Durables.
The report further attempts to highlight the key challenges posed by smuggling and the possible solutions needed to make compliance and processes more robust.
The event, is striving to bring in the best minds from policy making, law, brand protection, industry, enforcement agencies and media, among others to find a holistic and permanent solution to the problem of counterfeiting and smuggling, one which if left unchecked can have a disastrous impact on economies globally.
SOURCE: Business Standard