According to a recent news report, some Chinese firms are increasingly faking many popular products owned by big Indian brands such as Dabur and ITC. With this, the thorny problem of Chinese counterfeiting -- worrisome not only for India but also for China itself -- has come to the surface again: this time with a broader significance.
Interestingly, these days China is trying hard to root out infringement and counterfeiting from the country in order to defend itself against constant global criticism. Recently, it has formed a "leadership group" comprising politicians operating outside the cabinet to deal with these issues. Also, it has vowed to expand its crackdown operations on counterfeit goods and establish a long-term mechanism to intensify the fight.
As far as the Chinese industry is concerned, a growing number of players are also feeling the heat. They have discovered a tawdry truth that some Chinese counterfeiters are faking their goods and selling them across the world, causing revenue loss and harming the reputation of Chinese manufacturers in overseas markets. There is also a growing feeling among them that law enforcement against counterfeiting needs to be more effective to help the industry avoid a crisis in creditworthiness.
On the other hand, the Indian industry, particularly the small and medium enterprise (SME) sector and the cottage industries, has long been feeling the heat of Chinese counterfeit products. Many small firms, particularly from clothing, leather and jewellery sectors, are rapidly losing their share to the Chinese counterfeiters due to this reason.
In this scenario, it seems that both India and China should intensify their fight against counterfeiting and infringement. While India needs to stop turning a deaf ear to the industry's appeal to introduce a stringent mechanism to counter the challenge, China, on the other hand, needs to send strong signals to the international business community that it is committed in tackling the menace.
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Interestingly, these days China is trying hard to root out infringement and counterfeiting from the country in order to defend itself against constant global criticism. Recently, it has formed a "leadership group" comprising politicians operating outside the cabinet to deal with these issues. Also, it has vowed to expand its crackdown operations on counterfeit goods and establish a long-term mechanism to intensify the fight.
As far as the Chinese industry is concerned, a growing number of players are also feeling the heat. They have discovered a tawdry truth that some Chinese counterfeiters are faking their goods and selling them across the world, causing revenue loss and harming the reputation of Chinese manufacturers in overseas markets. There is also a growing feeling among them that law enforcement against counterfeiting needs to be more effective to help the industry avoid a crisis in creditworthiness.
On the other hand, the Indian industry, particularly the small and medium enterprise (SME) sector and the cottage industries, has long been feeling the heat of Chinese counterfeit products. Many small firms, particularly from clothing, leather and jewellery sectors, are rapidly losing their share to the Chinese counterfeiters due to this reason.
In this scenario, it seems that both India and China should intensify their fight against counterfeiting and infringement. While India needs to stop turning a deaf ear to the industry's appeal to introduce a stringent mechanism to counter the challenge, China, on the other hand, needs to send strong signals to the international business community that it is committed in tackling the menace.
source
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