Counterfeit Medicines India - Holostik

Counterfeited medicines from India and China reach Africa

According to reports, the World Customs Organisation (WCO) has seized 113 million antimalarial, anti-inflammatory and antibiotic tablets bound for Africa over a period of just two weeks. Counterfeit drugs have seemed to affect many countries and regions of the world over but Africa seems to be particularly under attack.
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business-of-counterfeiting - Holostik

How big is the business of Counterfeiting?

Counterfeiting is an epidemic to the 21st century world economy and has transformed itself from a small cottage industry to a full-fledged large scale industry. It poses a massive threat to the world as it adversely affects businesses and also the health and safety of the masses. So much so that it’s presence is felt everywhere and is slowly crippling many businesses.

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How counterfeiting is affecting lives of innocents

We all know what counterfeits are- fake, cheap quality lookalikes of branded products intended to fool the buyers into thinking they are genuine. Counterfeiting is one of the major challenges grappling the world economy today causing a havoc to the world economy (it’s a $250 billion per annum industry!) as well as to businesses and the consumers using these products. The ramifications for counterfeiting are also massive for governments, as counterfeiting fuels the hand of organised crime. As such, it has become imperative for us to understand why counterfeiting takes place and what are the different methods to curb this billion-dollar problem.

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