Illicit trade a major challenge in India

New Delhi: The existence and operation of illicit trade vis-a-vis counterfeiting and smuggling has been an enduring problem that has escalated in scope and magnitude, impacting industries, government, economies, and the health and safety of the consumers.

Moreover, such operations have close links to terror organisations and criminal networks. In fact, it is today one of the biggest challenges faced by India and its industry, impacting the country's image in the global arena.

FICCI CASCADE organised an interactive session on the 'Strategies to Combat Smuggling and Counterfeiting' in Amritsar. The objective was to facilitate a wider exchange of ideas and ensure a multifaceted perspective to understand the gravity of the menace caused by illicit trade.

The session focused on issues such as need for increased consumer awareness; strengthening of enforcement regime; improvement in regulatory mechanism; and enhanced stakeholder collaboration.

Highlighting the global menace of counterfeiting and smuggling, Manmohan Sarin, former Lokayukta, NCT of Delhi, and ex-Chief Justice, Jammu & Kashmir High Court, said, "The World Economic Forum stated that illicit trade has resulted in an annual drain of $2.2 trillion, which is approximately 3 per cent of the world GDP in 2020."

While complimenting the enforcement officers of Punjab, who have been relentlessly pursuing smugglers and counterfeiters, Sarin said that their hands-on approach has led to a large number of seizures of fake and smuggled consumer goods, alcohol, food products, gold, cigarettes, fertilisers and others in the state.

Rahul Nangare, Commissioner of Customs (Preventive), Amritsar, said that 32 kg gold from Afghanistan, 584 kg heroine from Pakistan and 483 kg cannabis were seized by the enforcement authorities recently.