oppn parties Counterfeit Products: Four Indian Markets and Snapdeal Named Offenders

News Snippets

  • India's sovereign green bonds were oversubscribed four times as the RBI received 266 bids worth Rs 32892cr agaisnt the target of Rs 8000cr
  • Google tweaks its Android and India app store policy to allow manufacturers and users to choose certain things instead of compulsorily using Google apps after the CCI order and fine for unfairly dominating the market
  • Former US secretary of state calls former Indian external affairs minister Sushma Swaraj a "goofback" and a "hinterland political hack". MEA S Jaishankar slams him
  • Jamia screening of BBC documentary on Gujarat riots cancelled after the university was turned into a fortress and later 13 students were detained by the police
  • Supreme Court grants conditional interim bail for eight weeks to Lakhimpur Kheri accused Ashish Mishra. The bail can be further extended based on his conduct. He was asked to stay outside Delhi-NCR and UP and surrender his passport
  • After the JNU administration tried to thwart the students from screening the BBC documentary on the Gujarat riots and PM Modi, now students of Presidency and Jadavpur universities in Kolkata have decided to screen it 5 times next week
  • While a US research frim Hindenburg says its analysis found the Adani group overleveraged and claimed that its bubble will burst very soon and that sent the price of group companies crashing (Adani companies lost a combined Rs 55000cr), Adani group said the report was 'baseless' and 'malicious'
  • This time Enforcement Directorate arrests TMC spokesperson Saket Gokhale under PMLA for money laundering
  • Padma awards announced on Republic Day: Mulayam Singh Yadav, architect Balkrishna Doshi and ORS pioneer Dilip Mahalanobis get Padma Bibhushan posthumously, Padma Bhushan ius awarded to Kumar Mangalam Birla and 8 others and 91 get Padma Shri
  • Stocks fall big time on Wednesday on F&O expiry, finalncial and banks take big hit: Sensex tumbles 773 points to 60205 and Nifty 226 points to 17892 even as the market volatility meter shoots up by 8.51%
  • World Cup hockey: Germany stun England 4-3 to reach semifinals; Netherlands beat Korea 5-1 to enter last four
  • Australian Open: Sania Mirza and Rohan Bopanna reach the finals
  • Suryakumar Yadav is named ICC Cricketer of the Year 2022 and Renuka Singh gets the ICC Emerging Cricketer of the Year 2022 award
  • BCCI gets a whopping Rs 4670cr in the auctions for the 5 teams in WIPL or as it will be known now, WPL. Adani Sportline gets Ahmedabad for Rs 1289cr while Mumbai Indians get Mumbai for 913cr
  • Calcutta HC overturns the hookah bar ban in Kolkata by saying that it is not an illegal trade
India Commentary Wishes A Happy Republic Day To All Its Readers /////// India Commentary Wishes A Happy Basant Panchami And Saraswati Puja To All Its Readers
oppn parties
Counterfeit Products: Four Indian Markets and Snapdeal Named Offenders

By Ashwini Agarwal
First publised on 2021-01-15 10:32:36

Selling counterfeit products openly has been an old practice of the retail trade in India. Although reputed stores steer clear of such malpractices and informed consumers are not likely to fall for such products, smaller stores in some areas in towns and cities of India do stock and sell products that have misspelt names of popular brands (for instance, Abibas for Adidas) with similarly designed logos and sometimes even the exact replica of a major brand. The unorganized sector (read street hawkers) is the main route through which such products are sold. Some internet marketplaces have also failed to curb this practice and sellers on their platforms have sold counterfeit products to consumers.

The Office of the US Trade Representative has issued the latest (2020) Review of Notorious Markets for Counterfeiting and Piracy, where along with other counterfeit hotspots like Hong Kong and Bangkok, India's Heera Panna market in Mumbai, Khidderpore market in Kolkata, Palika Bazaar and tank Road in Delhi and the internet market place Snapdeal have been listed as markets that have engaged in or have facilitated substantial trademark counterfeiting and copyright piracy.

In India, there is an underground industry that thrives on counterfeit products. Although electronics, cosmetics, watches, foreign liquor and apparel are the major items 'manufactured' by these units, nothing is left out with even toothpaste and soaps being counterfeited. There are stores which proudly inform the customer that their wedding dress is an exact copy of Sabyasachi. This is illegal and denies the real owners of the brand the revenue they deserve. It kills creativity and producers, artists and designers lose the incentive to bring innovative and better products in the markets. The government also loses on taxes as most of these products are sold below the counter. Sometimes, these products, especially liquor and cosmetics, can cause serious health issues and can even kill people. It is very difficult to stop this as it is rampant and neither the brand owners nor the enforcement agencies have the wherewithal to put a complete stop to it. Hence, consumers have to be on their guard not to be misled and resist the urge to buy a 'copy' for a lesser price.