By 121 News
Chandigarh 30th September:- As a part of its series of nation-wide awareness campaigns to highlight the issue of growing menace of counterfeiting and smuggling, FICCI CASCADE (Committee against Smuggling & Counterfeiting Activities Destroying the Economy), organized a seminar and candle light congregation at East Bourne Hotel, Shimla . Over 100 students with candles in their hand and banners stating buy 'Make in India' and 'Say No to Smuggled Goods' participated in this congregation with much zest and zeal.
Speaking during occasion, Anirudh Singh, MLA from Kasumpti who was Chief Guest at the function said that counterfeits and smuggled goods were threatening the key elements of India's growth strategy vis-à-vis technology, invention and innovation which were the key elements in India's economic developmental agenda.
Congratulating FICCI CASCADE for taking the initiative to generate awareness among consumers on the perils of counterfeits and smuggled goods, Anirudh Singh emphasized that illicit trade curbed the country's economic independence. He urged citizens to take a pledge against using fake products and to fight the menace of smuggling which was in the larger interest of the nation's economy.
P C Jha, Advisor, FICCI CASCADE & former Chairman, CBEC highlighted that amongst the various sectors, the maximum revenue loss to the exchequer on account of counterfeiting and illicit trade was attributed to tobacco products at 23%, estimating a revenue loss of Rs. 9139 crores.
Deep Chand, Advisor, FICCI CASCADE & former Special Commissioner, Delhi Police, stated that the Indian Government had initiated steps to address counterfeiting, piracy and smuggling. Despite these actions, however, a study by FICCI revealed that counterfeit, piracy and smuggling rates were still remained high.
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