Made in India, faked in China, $5-bn loss

Discussion in 'Economy & Infrastructure' started by Yusuf, Jan 1, 2012.

  1. Yusuf

    Yusuf GUARDIAN Administrator

    Joined:
    Mar 24, 2009
    Messages:
    24,274
    Likes Received:
    11,290
    Location:
    BANGalore
    Chinese manufacturers are increasingly 'faking' popular Indian products such as Dabur and ITC, causing losses worth around $5 billion annually, officials said.

    http://toi.in/zoMG8Y
     
  2.  
  3. Vishwarupa

    Vishwarupa Senior Member Senior Member

    Joined:
    Sep 15, 2009
    Messages:
    2,030
    Likes Received:
    2,209
    Chinese are known for their reverse engineering.... But i dint know that they even copy cigarettes, FMCG products:frusty:


    India should strongly protest & register complaint with WTO. PMO should raise objection with chinese counterpart and take this up cheap fakism every time they meet & link it with all major issues.
     
    W.G.Ewald likes this.
  4. Blackwater

    Blackwater Veteran Member Veteran Member

    Joined:
    Jan 9, 2012
    Messages:
    21,004
    Likes Received:
    11,847
    Location:
    Akhand Bharat
    Tel me anything they cant copy man. Tel me something new
     
  5. rock127

    rock127 Maulana Rockullah Senior Member

    Joined:
    Aug 12, 2009
    Messages:
    8,943
    Likes Received:
    10,315
    Location:
    India
  6. Singh

    Singh Phat Cat Administrator

    Joined:
    Feb 23, 2009
    Messages:
    20,305
    Likes Received:
    8,270
    Location:
    011
    Made in India, faked in China- $5bn loss

    Made in India, faked in China- $5bn loss



    New Delhi: Chinese manufacturers are increasingly "faking" popular Indian products of consumer goods giants such as Dabur and ITC, undermining the legitimacy of brands and causing losses worth as much as $5 billion annually, officials said.

    "A lot of counterfeit Dabur products are made in China. We have conducted at least 20 raids in China but no proper action has been taken by the Chinese," said Ashok Jain, general manager of finance at Dabur India, the country's fourth largest FMCG firm.

    He said such fake products manufactured in China with "Made-in-India" tag are supplied across the world, mostly in India and African countries.

    "It causes huge damage to the brand. Those fake products are obviously not up to our standards and supplied at very low prices," Jain told IANS.

    Dabur, which has nearly $4 billion market capitalisation, operates in key consumer product categories like healthcare, skin care, hair care and oral care. The company's revenue last fiscal was $910 million.

    Pradeep Dixit, a senior official of ITC, a $33-billion conglomerate, said the popular FMCG brands of the company were counterfeited by unscrupulous firms and supplied in domestic as well as foreign markets.

    "Our popular cigarette brand is faked and supplied widely in the states like Chhattisgarh, Bihar and Uttar Pradesh," he said.

    "China is a big problem everybody is facing," said S.K. Goel, chairman of the Central Board of Excise and Customs, told IANS.

    Goel said the big international brands like Nokia, Adidas, Reebok and Nivea were also widely counterfeited in China and supplied in India and other parts of the world.

    Chinese manufacturers are also faking drugs, endangering lives of patients. Fake drugs, carrying " Made in India" tags, supplied from China were recently detained in Nigeria and other African countries.

    K.K. Vyas, Delhi's deputy commissioner of police (crime), said the police have seized and confiscated a lot of fake and counterfeited products of popular brands in the national capital recently.

    Vyas emphasised on the need for enhancing punishment for unscrupulous manufacturers and importers. "Punishment needs to be enhanced. Also there is need that judiciary addresses these issues quickly."

    "Counterfeiting is a big menace. It is hurting everybody - consumers, industry and the exchequer," said Anil Rajput, chairman of the anti-smuggling and anti-counterfeiting committee of Federation of Indian Chambers of Commerce and Industry (FICCI).

    Recently, FICCI formed a panel called "FICCI-Cascade" that expands into a committee on anti-smuggling and counterfeiting activities destroying the economy. Chaired by Rajput, the committee is working closely with the government to curb this menace.

    According to a report by think tank Indiaforensic Research Foundation, the total loss to the economy annually due to crimes such as counterfeiting, commercial fraud, smuggling, drug trafficking, bank fraud, tax evasion and graft is estimated at Rs.22,528 crore.


    Made in India, faked in China- $5bn loss - The Times of India
     
  7. debasree

    debasree Regular Member

    Joined:
    Feb 7, 2011
    Messages:
    811
    Likes Received:
    82
    Location:
    Calcutta, India, India
    for this reasons their nick name is copyland
     
  8. H.A.

    H.A. Senior Member Senior Member

    Joined:
    Dec 24, 2011
    Messages:
    1,445
    Likes Received:
    679
  9. The Messiah

    The Messiah Bow Before Me! Elite Member

    Joined:
    Aug 25, 2010
    Messages:
    10,788
    Likes Received:
    4,552
    Made in India, faked in China -- $5-bn loss

    Made in India, faked in China -- $5-bn loss

    New Delhi, Jan 1 (IANS) Chinese manufacturers are increasingly 'faking' popular Indian products of consumer goods giants such as Dabur and ITC, undermining the legitimacy of brands and causing losses worth as much as $5 billion annually, officials said.

    'A lot of counterfeit Dabur products are made in China. We have conducted at least 20 raids in China but no proper action has been taken by the Chinese,' said Ashok Jain, general manager of finance at Dabur India, the country's fourth largest FMCG firm.

    He said such fake products manufactured in China with 'Made-in-India' tag are supplied across the world, mostly in India and African countries.

    'It causes huge damage to the brand. Those fake products are obviously not up to our standards and supplied at very low prices,' Jain told IANS.

    Dabur, which has nearly $4 billion market capitalisation, operates in key consumer product categories like healthcare, skin care, hair care and oral care. The company's revenue last fiscal was $910 million.

    Pradeep Dixit, a senior official of ITC, a $33-billion conglomerate, said the popular FMCG brands of the company were counterfeited by unscrupulous firms and supplied in domestic as well as foreign markets.

    'Our popular cigarette brand is faked and supplied widely in the states like Chhattisgarh, Bihar and Uttar Pradesh,' he said.

    'China is a big problem everybody is facing,' said S.K. Goel, chairman of the Central Board of Excise and Customs, told IANS.

    Goel said the big international brands like Nokia, Adidas, Reebok and Nivea were also widely counterfeited in China and supplied in India and other parts of the world.

    Chinese manufacturers are also faking drugs, endangering lives of patients. Fake drugs, carrying 'Made in India' tags, supplied from China were recently detained in Nigeria and other African countries.

    K.K. Vyas, Delhi's deputy commissioner of police (crime), said the police have seized and confiscated a lot of fake and counterfeited products of popular brands in the national capital recently.

    Vyas emphasised on the need for enhancing punishment for unscrupulous manufacturers and importers. 'Punishment needs to be enhanced. Also there is need that judiciary addresses these issues quickly.'

    'Counterfeiting is a big menace. It is hurting everybody - consumers, industry and the exchequer,' said Anil Rajput, chairman of the anti-smuggling and anti-counterfeiting committee of Federation of Indian Chambers of Commerce and Industry (FICCI).

    Recently, FICCI formed a panel called 'FICCI-Cascade' that expands into a committee on anti-smuggling and counterfeiting activities destroying the economy. Chaired by Rajput, the committee is working closely with the government to curb this menace.

    According to a report by think tank Indiaforensic Research Foundation, the total loss to the economy annually due to crimes such as counterfeiting, commercial fraud, smuggling, drug trafficking, bank fraud, tax evasion and graft is estimated at Rs.22,528 crore.

    Made in India, faked in China -- $5-bn loss - Yahoo! India Finance
     
  10. Payeng

    Payeng Daku Mongol Singh

    Joined:
    Mar 7, 2009
    Messages:
    2,521
    Likes Received:
    767
    Location:
    Neistan
    Soorya Dhanush likes this.
  11. Soorya Dhanush

    Soorya Dhanush Regular Member

    Joined:
    Oct 6, 2011
    Messages:
    42
    Likes Received:
    7
    Hmm now i know what stands for JF
    Joint Fake...
     
    ganesh177 likes this.
  12. Soorya Dhanush

    Soorya Dhanush Regular Member

    Joined:
    Oct 6, 2011
    Messages:
    42
    Likes Received:
    7
    "Great wall of Fake"
     
  13. kickok1975

    kickok1975 Stars and Ambassadors Stars and Ambassadors

    Joined:
    Aug 9, 2009
    Messages:
    1,538
    Likes Received:
    350
    Not only India, the whole world can be faked in China. Several months ago I even heard a Chinese company will build an exact town like Austrian’s Hallstatt in China. To do this, they send several people there for living and photographed almost every single corner of the town.
    When it comes to profit, never underestimate the greediness, boldness and determination of some Chinese. However, faking things is not always beneficiary to a country like China for the long run. It suppresses innovative ideals, hard working, and honesty but promote cheating and more greediness for easy money. If a nation’s people lost its integrity, the nation is in trouble. It’s time for China to walk out of imitating, following status and start inventing and creating.
     
    Last edited: Jan 3, 2012
  14. mattster

    mattster Respected Member Senior Member

    Joined:
    May 30, 2009
    Messages:
    1,048
    Likes Received:
    518
    Location:
    California
    I have even seen fake Chinese semiconductor chips of commonly used analog parts made by American name brand companies.
    We had a circuit-board that we designed and tested but then in latter production lots there were failures.

    Eventually after trouble-shooting, we found that the assembly house that assembled the boards had acquired parts thru a broker and one of those analog chips were replaced with identical fake parts from China, but the performance and accuracy of the fake part caused it to fail in the field.
     
  15. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

    Joined:
    Nov 16, 2009
    Messages:
    9,252
    Likes Received:
    3,347
    Location:
    Brussels
    Someday, china will start copying itself; as there won't be anything else left to copy from.
     
    H.A. likes this.
  16. Payeng

    Payeng Daku Mongol Singh

    Joined:
    Mar 7, 2009
    Messages:
    2,521
    Likes Received:
    767
    Location:
    Neistan
    Well to be a devils advocate I will state that "nakal karnakalia bhi akal chahiya" meaning even to imitate you need brains ;)
     
  17. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

    Joined:
    Dec 17, 2009
    Messages:
    10,397
    Likes Received:
    2,314
    Of course fake Chinese microchips will fail, they are recycled from Taiwan labeled products sent to the trash and resold on the black market.
     
  18. no smoking

    no smoking Senior Member Senior Member

    Joined:
    Aug 14, 2009
    Messages:
    3,174
    Likes Received:
    423
    Well, you should that is the products sold among indians and only appear in indian groceries. So, if some indian customers come to chinese producer asking for the fake brand, they cannot say no, right?

    This is just a fraud designed and organised by indians, the chineses are just the contractors.

    So, don't blame chinese, blame your greedy indian countryman.
     
  19. Payeng

    Payeng Daku Mongol Singh

    Joined:
    Mar 7, 2009
    Messages:
    2,521
    Likes Received:
    767
    Location:
    Neistan
    What do you mean by the term Greedy please explain.
     
  20. Payeng

    Payeng Daku Mongol Singh

    Joined:
    Mar 7, 2009
    Messages:
    2,521
    Likes Received:
    767
    Location:
    Neistan
    Business rule states that customers are often not brand loyal but price sensitive but that those not mean their should not be any business ethics, no smoking it seems like you are supporting an unethical business practice.
     
  21. Vishwarupa

    Vishwarupa Senior Member Senior Member

    Joined:
    Sep 15, 2009
    Messages:
    2,030
    Likes Received:
    2,209
    Chinese are always contractors:laugh: rightly said...:rofl:

    chinese cant even make a product of their own.
     

Share This Page