Holostik which is one of the pioneers and undisputed leader of hologram manufacturing and anti-counterfeiting solutions in India will display its wide range of anti-duplication solutions at the 58th Annual Session of ACMA (Automotive Component Manufacturers Association of India). Considered as one of the most awaited events of the automotive industry, it will be held on the 5th of September 2018 at Hotel Taj Palace, New Delhi. The theme for this year’s session will be ‘Auto Component Industry in India – Getting ready for the Future’.
Holostik’s presence at the session will be a boon for the automotive industry which is infested with counterfeiting, prominently in the aftermarkets and is suffering continuous losses. According to a report released by FICCI (Federation of Indian Chambers of Commerce and Industry) and TARI (Thought Arbitrage Research Institute) in 2015, “The automotive industry suffered a loss of INR 10501 crore in 2014 due to grey markets.” Another disturbing fact by FICCI CASCADE states that 20% of road accidents are caused by counterfeit automotive products.
Considering these facts, Holostik aims to secure various kinds of automotive products from the menace of counterfeiting and help companies achieve their targeted growth. Participants at the event will witness and understand the uses and benefits of anti-duplication solutions for various kinds of auto components. Moreover, attendees will also be educated on adopting best industry practices to prohibit duplication and using anti-counterfeiting solutions thus ensuring the safety of their consumers.
The anti-duplication products displayed by Holostik at the event will include security holograms, security pouches, holographic wads, shrink sleeves, security labels and wide web films. The event will be graced by the presence of eminent Ministers Shri Arun Jaitly, Union Minister of Finance, Shri Anant Geete, Union Minister for Heavy Industries & Public Enterprises and Shri Piyush Goyal, Union Minister for Coal, Railways, Finance & Corporate Affairs Government of India along with industry leaders and experts.