Make in India Initiative Will Help in Curbing Counterfeiting says, Shatrughan Sinha

Shatrughan Sinha

MASCRADE 2017, a FICCI initiative to understand and combat counterfeiting, illicit trade and piracy was recently held at New Delhi. The event was graced by BJP leader Shatrughan Sinha who was all in praise for PM’s Make in India initiative.

He was convinced that this initiative will help in controlling counterfeiting in India and urged the stakeholders to promote this agenda on a global platform and engage NRIs in this movement against illicit trade.

Expressing his views at the event, he said, “It was high time and the right time for promotion, protection and projection of India’s goods and to fight against smuggling, counterfeiting and illicit trade.”

This event was organised with the main aim to ensure that the national and international stakeholders can talk with policymakers and identify opportunities for joint action between governments and the private sector to combat the illicit cross-border trade.

Highlighting the problem of counterfeiting, Anil Rajput, Chairman, FICCI CASCADE, said that illicit trade is increasingly becoming the main source of terror funding. He further added that “We need to understand this relationship and work towards effective mechanisms to counter its worldwide impact.”

Many international organisations like Interpol, United Nations Office for Drugs and Crime (UNODC), Organisation for Economic Corporation and Development (OECD), US Homeland Security and US Patents and Trademarks Office participated in the two-day conference.

“Smuggling and counterfeit goods not only hamper the economic growth of the country but also adversely affect the social fabric and the well-being of its people, and called for framing robust policies and effective implementation to curtail this menace,” said Sergey Kapinos, UNODC’s Regional Representative, South Asia.