Made in India, faked in China
$5-bn loss
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.
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"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" tags 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.
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