FICCI CASCADE will release a detailed report titled - Impact of Smuggling on Indian Economy and Employment, during its annual flagship event MASCRADE 2019 scheduled

The report will be a compilation of facts and figures on smuggling and adopts a research approach and methodology that estimates the loss of employment and revenue in the five key industries namely: Textiles, Readymade Garment, Tobacco Products (Cigarettes), Capital Goods (Machinery and Parts) and Consumer (Electronics) Durables.

The report further attempts to highlight the key challenges posed by smuggling and the possible solutions needed to make compliance and processes more robust.

Anil Rajput, Chairman, FICCI CASCADE said, "Illicit trade in smuggled, counterfeit and pirated goods is a major threat to the economies. It damages legal business, causes huge financial losses, compromises the safety of the consumers and leaves a gaping hole in the exchequer."

The event, is striving to bring in the best minds from policy making, law, brand protection, industry, enforcement agencies and media, among others to find a holistic and permanent solution to the problem of counterfeiting and smuggling, one which if left unchecked can have a disastrous impact on economies globally.

Since its inception, this initiative has seen participation from various international bodies offering a platform for experts to come together and find a solution to the problem that impacts almost every country and effects almost every brand owner around the globe.

In the past, the event has played host to organizations like Interpol, WIPO, WCO, OECD, UNODC, US Homeland Security, ICC BASCAP, JETRO, USPTO, UKIPO and Global Anti-Counterfeiting Group.

Senior functionaries from INTERPOL, US Intellectual Property, UK Intellectual Property Office, HM Revenue and Customs, Australian Border Protection and US Homeland Security, among others, will be deliberating on this year's theme 'Containing Counterfeiting, Smuggling and Piracy: 

A Winning Strategy'. Besides, key dignitaries from the Indian government, police, judiciary, customs and captains of the industry will be speaking and attending the event.

FICCI CASCADE will also felicitate Best Performing Officers who have worked exceptionally in combating, apprehending and administrating preventive mechanisms with regards to illicit trading activities from various law enforcement departments of the government.