In the year 2020, the company had seized 3,000 counterfeit products worth Rs 33.3 lakh.
Fake earphones, chargers, adapters and USB cables are being sold more.
Counterfeit goods are being sold indiscriminately online and offline.
New Delhi. There is a huge demand for portable electronics and accessories in India. Along with this demand, the number of counterfeit products in the market is also increasing. Fake and illegally imported goods of famous brands are being sold online and offline in India. Fake goods are not only causing huge loss to the companies, but also to the customers.
How much counterfeit goods are being sold in India can be gauged from the fact that consumer electronics firm Xiaomi has seized 9000 counterfeit products being sold in its name in the first 6 months of this year itself. Their price is Rs 73.8 lakh. In the year 2020, the company had seized 3,000 products worth Rs 33.3 lakh being sold under its brand name with the help of the police. Pirated products are now not only easily available in the markets of the country, but after Kovid-19, they are also being sold indiscriminately on e-commerce platforms.
more fraud in
According to a Live Mint report, Xiaomi India President Muralikrishnan B says that many products included in the company’s portfolio are being piracy. Fake earphones, chargers, adapters and USB cables are being sold more. Muralikrishnan says that there are markets in major cities of the country from where counterfeit products are being shipped all over the country. Harman, a Samsung arm that manufactures speakers and buffers under the names JBL, AKG, Harman Kardon and Infiniti, had also recovered fake speakers and buffers from JBL and Infiniti with the help of the police from several shops and manufacturing units in Delhi earlier this month.
TechArc researcher Faisal Kavusa says that it is very easy to copy wearables and wearables products. Not only this, they can be easily imported from China. The sale of counterfeit goods is also increasing because there is no system of checking on online marketplaces. Anyone can sell a fake product by listing it.
damage to the economy
According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) in September 2019, the Indian economy is losing Rs 1.17 trillion every year from the sale of counterfeit and smuggled goods in only 5 sectors. Consumer electronics is also included in these 5 sectors.