E-commerce site, 4 other Indian marketplaces figure in US Infamous Marketplaces Record : The Tribune India

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Washington, February 18

India’s common e-commerce site IndiaMart.com and 4 other markets, including New Delhi’s popular Palika Bazaar, have figured in the newest once-a-year record of the world’s notorious markets produced by the US Trade Representative.

The 2021 Notorious Marketplaces Checklist launched on Thursday recognized 42 on line and 35 physical marketplaces all around the earth that are noted to have interaction in or aid significant trademark counterfeiting or copyright piracy.

The three other Indian markets in the checklist are Heera Panna in Mumbai, Kidderpore in Kolkata and Tank Road in Delhi.

“The world trade in counterfeit and pirated items undermines critical US innovation and creative imagination and harms American employees,” mentioned US Trade Representative Katherine Tai.

“This illicit trade also increases the vulnerability of staff included in the producing of counterfeit products to exploitative labour tactics, and the counterfeit items can pose sizeable challenges to the well being and safety of shoppers and employees all-around the globe,” she mentioned.

The USTR report reported IndiaMART, an e-commerce internet site and mobile application that connects buyers with suppliers, describes alone as the world’s next biggest on-line company-to-organization market. Counterfeit items can allegedly be observed in huge volumes on IndiaMART, which include counterfeit prescribed drugs, electronics and apparel.

Suitable holders are anxious with IndiaMART’s failure to sufficiently implement anti-counterfeiting finest tactics, which includes seller verification, penalties in opposition to regarded sellers of counterfeit merchandise, or proactive monitoring of infringing products.

IndiaMART apparently has a detect-and-takedown procedure, but proper holders report that it is burdensome to use, the time-to-takedown is slow, and the position of notices is not transparently communicated to ideal holders, the report said.

The USTR explained a big indoor industry positioned at the heart of Mumbai, Heera Panna, reportedly gives counterfeit watches, footwear, components, and cosmetics. Right holders warn that counterfeit cosmetics bought at this marketplace have well being and safety threats. A raid at Heera Panna in September 2021 resulted in arrests for marketing counterfeit variations of high quality watches.

Domestically known as ‘Fancy Market’, Kidderpore allegedly sells counterfeit apparel and cosmetics, frequently in wholesale quantities. Significant pores and skin problems, rashes, irritation, and eye disorders have reportedly been induced due to the weak good quality of the counterfeits, the report explained.

Palika Bazaar stays on the infamous marketplace listing (NML) in 2021. This underground market place in Delhi is seemingly properly-acknowledged for the trade of counterfeit goods, this sort of as mobile equipment, cosmetics, watches and eyewear.

Many buyers are reportedly learners and other younger people who want fashionable items at low-cost charges. The current market is also a well known vacation spot for travellers, the report pointed out.

Ideal holders report that Delhi’s wholesale Tank Road current market continues to sell counterfeit items, together with clothing, footwear, watches, purses, electronics, and natural beauty solutions. Wholesale counterfeit items are also reportedly equipped from this marketplace to other Indian marketplaces, which includes Gaffar Marketplace and Ajmal Khan Street, the report said.

“Right holders be aware that conducting enforcement steps at this locale is demanding, as the market place is positioned in a residential region and sellers usually surface to have state-of-the-art understanding of raids, limiting their usefulness,” it explained.

USTR is an agency of the US federal government liable for acquiring and selling American trade coverage.

USTR initial determined infamous marketplaces in the Specific 301 Report in 2006. Since February 2011, USTR has been publishing every year the Notorious Markets List separately from the Special 301 Report, to maximize general public consciousness and aid market operators and governments prioritise mental property enforcement efforts that defend American enterprises and their workers.

Candice Cearley

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