In a recent development, US authorities have identified Tank Road in Delhi as one of the hubs for the sale of counterfeit goods and have asked the Indian government to take coordinated enforcement action. As per the US’ Notorious Markets List 33 online and 25 physical markets reportedly are breeding grounds for the sale of fake products. A US trade representative while commenting on the report said that Tank Road in Delhi remains on the list of popular places for the sale of counterfeit goods.
Fake products are further supplied from Tank Road to places such as Gaffar Market and Ajmal Khan road. The report states that the counterfeiting activity harms the American economy by undermining the innovation and IP rights of the rightful owners. An estimated 2.5% or nearly half a trillion dollars’ worth of global imports are counterfeit and pirated products.
The US trade representative also said that the wholesalers in the area operate without any fear and build their businesses over the years. The trade representative also urged to take sustained actions on the Tank road market located in Karol Bagh, previously listed markets and other non-listed markets as well.
The 2018 Notorious Markets List maintains its special focus on the distribution of pirated content and counterfeit goods online. This year, the list highlighted free trade zones and the role they may play in facilitating trade in counterfeit and pirated goods.
Source: (PTI) Deccan Herald