SME Times News Bureau | 01 Oct, 2019
Justice Uday Umesh Lalit, Judge, Supreme Court of India today said counterfeiting is
cancerous to the society and constant vigilance is required to restrict the
Speaking on the concluding day
of two-day MASCRADE 2019, organized by FICCI CASCADE (Committee
Against Smuggling and Counterfeiting Activities Destroying the Economy), Justice
Lalit said, "Counterfeiting is like a cancerous cell eating into
the body of the society."
"Judiciary, executive and
legislature must work together to stop the menace of counterfeiting and
smuggling. There must be a body to conduct constant and vigilant monitoring to
curb counterfeiting before it takes place," Justice Lalit said
in his valedictory address.
MASCRADE 2019 (Movement Against
Smuggled and Counterfeit Trade), organized for national and international
stakeholders to identify opportunities for joint actions, deliberated on
policies needed to curb counterfeiting, smuggling and piracy.
Over the last two days, the
conference looked at the economic consequences of the illegal trade, deepened
the understanding of grey market, assessed the impact and tried to provide
practical recommendations, and contributed to an integrated vision of security
and public safety.
Balesh Kumar, Director General, Directorate
of Revenue Intelligence (DRI) said, "FICCI CASCADE is a unique initiative
to create a smuggling, piracy and counterfeit free country. To curb the effect
of counterfeiting and smuggling, we need more and frequent interactions with
government bodies and stakeholders. Such interaction will help us to contain
the menace and achieve the target of a 5 trillion-dollar economy".
Muktesh Chandra, Special Commissioner of
Police (Operations), Delhi Police said, "The Internet offers an
unprecedented anonymity to criminals and it becomes difficult for us to detect
illegal financial transactions. We require certainty of punishment along with
severity of punishment to control cybercrimes."
Various issues such as
Balanced, Holistic and Futuristic Strategies; Balancing Brand Security
Strategies and Actionable on Ground Operations; Attacking the Roots of
Organized Crime; and Policy and Regulatory Framework needed to Stop
Counterfeiting, Smuggling and Piracy from Entering the Virtual Marketplace were
The conference saw a host of
notable international speakers from
INTERPOL, US Intellectual Property-South Asia, UK Intellectual Property Office,
Australian Border Force, HM Revenue and Customs and US Homeland Security, and captains from the industry across