SME Times News Bureau | 12 Mar, 2018
The
Cell for IPR Promotion and Management (CIPAM) is organizing a
National Conference on Counterfeiting and Role of Enforcement
Agencies on 13-14 March.
The
Cell for IPR Promotion and Management (CIPAM) is a professional body
under the aegis of the Department of Industrial Policy &
Promotion (DIPP), Ministry of Commerce & Industry
CIPAM
will organise the event in collaboration with European Union (EU).
Minister
of Commerce and Industry, Shri Suresh Prabhu will inaugurate this
two-day conference.
Counterfeiting
has grown considerably to a point where it has become a widespread
phenomenon with a global impact.
Counterfeiting,
other than causing an erosion on the brand value, reputation and
goodwill of the manufacturers and owners of IP, leads to social and
economic consequences resulting in huge economic losses in terms of
lost taxes and revenues.
It
leads to diversion of funds earned therefrom to other illegal
activities; counterfeit products put a threat to consumers' health
and safety as well.
Besides
people from enforcement agencies, many IP professionals, lawyers,
e-commerce stakeholders and people from industry associations are
also participating in the conference.