SME Times News Bureau | 22 Nov, 2018
Experts participating at an FICCI CASCADE training programme viewed that
there is a need to create communication, coordination and close cooperation
amongst various government agencies, law enforcement officials and private
sector to curb the growing menace of illicit trade.
FICCI organised the training program for Delhi police officials at the
Academy for Smart Policing, New Delhi.
Experts at the event viewed that All speakers unanimously agreed on the
fact that the existence and operation of smuggling and counterfeiting is not
only broad in scope and large in value but is impacting the global economy, causing
losses to both industry & government, and most importantly affecting the
health and safety of the consumers adversely.
training was inaugurated by Mr K Jagadeesan, Jt. Commissioner of
Police-Training, Delhi Police.
emphasized that India, as a rising economic superpower need to take offences
related to counterfeiting and smuggling very seriously and police has a
significant role in fighting this menace.
counterfeiting was looked at as a victimless crime, it had many far-reaching
consequences and it was extremely important for the police officer to
understand the consequences before taking actions on ground. Only then will an
officer investigating a case related to smuggling and counterfeiting be able to
understand and take suitable actions, he said.
Deepchand, Advisor FICCI CASCADE stated that FICCI CASCADE reports estimate that in India the total
loss to the government on account of illicit markets in just seven
manufacturing sectors is Rs 39,239 crores.
The estimated loss to the industry is Rs
1,05,381 crores, an increase of 44.4% in two years. He further added that this
loss is just the tip of the iceberg. The grey market economy is fueling
illegitimate industry and leading to increased criminalization of the society
in the form of organized crime including terrorism, he said.
Global studies have indicated that
criminal syndicates all over have taken to counterfeiting and smuggling to fund
their nefarious activities. This not only makes our society unsafe but also
adds to the enforcement costs, he added.