SME Times News Bureau | 03 Nov, 2018
A group of experts taking part in the 5th edition of MASCRADE - 2018,
organised by industry body FICCI on November 1-2, viewed that tougher laws are
needed to counter the lingering challenge of counterfeiting goods.
Speaking at the event, Justice Arjan
Kumar Sikri stated that the
laws should be deterrent enough to dissuade perpetrators from such activities.
"I am of the firm conviction that
there is a great connect between economics and law. Judges have to keep in mind
the economic implications, while granting injunctions in respect to
counterfeiting and smuggling. To combat such crimes, judiciary must ensure
speedy disposal of cases," he said.
D P Dash, Director General, Directorate
of Revenue Intelligence said
that as India's ranking on the Ease of doing business index improves,
challenges to law and enforcement agencies increases among which the biggest
challenge is to protect brands in India.
M M Oberoi, IPS, Special Commissioner of
Police Special Cell, Delhi Police, said "Today the use of cyber space for economic
offenses has reached higher levels and ransomware attacks on financial sector
is the major concern for Delhi Police".
The conference saw a host of notable
international speakers from World Intellectual Property Organization (WIPO),
INTERPOL, United Nations Office for Drugs and Crime (UNODC), Organization for
Economic Corporation and Development (OECD), US Homeland Security, NBC
Universal and captains from the industry across sectors.
Notable senior government officials from
DIPP, Department of Law and Justice, Central Board of Indirect taxes and
Customs, Directorate of Revenue Intelligence, Delhi Police, extended their
support to this initiative.