International Authentication-Solutions Conference Opens in Delhi
International Authentication-Solutions Conference Opens in Delhi
The conference, along with an exhibition, is being held in association with trade fair organisers Messe Frankfurt India when the demonetization drive has shifted focus to the menace of counterfeiting.

The Authentication Solutions Providers Association (ASPA) on Wednesday announced the opening of India's first international conference here on authentication solutions taking place over February 8-9.

The conference, along with an exhibition, is being held in association with trade fair organisers Messe Frankfurt India when the demonetization drive has shifted focus to the menace of counterfeiting.

"Spurred by rising cases of infringements, adulteration, the foray of counterfeit products in India, Authentication Solutions Providers Association (ASPA) has joined hands with Messe Frankfurt India (MFI) to host India's first International exhibition cum conference on authentication solutions," ASPA said in a release here.

"The forum aims to raise awareness and bring together industry stakeholders and decision-making bodies at a platform to analyse the problem of counterfeiting in the country and provide the solutions to combat this menace," it said.

Speaking on the occasion, Joint Secretary Department of Consumer Affairs P.V. Rama Sastry said: "Even as industry revenues take a major hit from counterfeits, the biggest loss is to the consumer."

"According to sources, from counterfeiting activity, the Government of India incurred the loss of Rs 26,190 crore in 2011-12, which has increased to Rs 39,239 crore in 2013-14, reflecting a growth of 49.8 percent in two years," said ASPA President U.K. Gupta.

"Counterfeiting is a multi-billion dollar business today and referred as to as the crime of 21st century. Even, the established link between terrorism and counterfeiting is exposed," he added.Also read: Cabinet Briefed of India-France Technology Pact

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