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

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Washington, February 18

India’s well-liked e-commerce web page IndiaMart.com and four other markets, including New Delhi’s renowned Palika Bazaar, have figured in the most current annual record of the world’s infamous markets unveiled by the US Trade Consultant.

The 2021 Infamous Marketplaces List produced on Thursday determined 42 on the net and 35 physical markets all over the planet that are claimed to engage in or facilitate significant trademark counterfeiting or copyright piracy.

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

“The world wide trade in counterfeit and pirated items undermines essential US innovation and creativity and harms American employees,” reported US Trade Consultant Katherine Tai.

“This illicit trade also increases the vulnerability of employees included in the manufacturing of counterfeit goods to exploitative labour methods, and the counterfeit products can pose sizeable risks to the overall health and basic safety of customers and workers all around the earth,” she reported.

The USTR report mentioned IndiaMART, an e-commerce web site and cellular application that connects customers with suppliers, describes by itself as the world’s second most significant on the net company-to-business market place. Counterfeit products can allegedly be identified in large volumes on IndiaMART, which includes counterfeit prescribed drugs, electronics and clothing.

Suitable holders are worried with IndiaMART’s failure to adequately put into action anti-counterfeiting very best methods, together with seller verification, penalties versus identified sellers of counterfeit goods, or proactive monitoring of infringing goods.

IndiaMART apparently has a observe-and-takedown method, but right holders report that it is burdensome to use, the time-to-takedown is slow, and the standing of notices is not transparently communicated to proper holders, the report stated.

The USTR stated a major indoor sector positioned at the coronary heart of Mumbai, Heera Panna, reportedly delivers counterfeit watches, footwear, extras, and cosmetics. Ideal holders warn that counterfeit cosmetics marketed at this current market have health and protection challenges. A raid at Heera Panna in September 2021 resulted in arrests for selling counterfeit versions of quality watches.

Domestically recognized as ‘Fancy Market’, Kidderpore allegedly sells counterfeit clothing and cosmetics, typically in wholesale portions. Critical skin problems, rashes, discomfort, and eye health conditions have reportedly been brought about because of to the lousy excellent of the counterfeits, the report claimed.

Palika Bazaar continues to be on the notorious marketplace list (NML) in 2021. This underground marketplace in Delhi is seemingly well-regarded for the trade of counterfeit solutions, such as mobile components, cosmetics, watches and eyewear.

Quite a few buyers are reportedly learners and other younger individuals who want fashionable merchandise at low cost charges. The current market is also a common place for vacationers, the report mentioned.

Appropriate holders report that Delhi’s wholesale Tank Street market place continues to promote counterfeit products and solutions, including clothing, footwear, watches, purses, electronics, and beauty merchandise. Wholesale counterfeit merchandise are also reportedly supplied from this industry to other Indian marketplaces, together with Gaffar Marketplace and Ajmal Khan Road, the report said.

“Right holders observe that conducting enforcement steps at this area is hard, as the sector is located in a household location and sellers usually show up to have innovative expertise of raids, limiting their success,” it explained.

USTR is an agency of the US authorities accountable for producing and promoting American trade policy.

USTR first discovered infamous marketplaces in the Exclusive 301 Report in 2006. Since February 2011, USTR has been publishing annually the Notorious Markets List individually from the Particular 301 Report, to increase community awareness and enable market operators and governments prioritise intellectual property enforcement endeavours that guard American companies and their employees.