- Recently, fake Casio products were seized from Kolkatta, Bengal
- Xiaomi had filed a complaint regarding the same with local police in Delhi
Fake Xiaomi products worth Rs 13 lakh were seized by the police from Delhi’s Gaffar market last week. Among the fake products seized, there were some that Xiaomi has not even launched originally, in India yet.
Xiaomi noted that the police, during its interrogation, found that a total of four consumer electronics suppliers were involved in this scam. These four suppliers were dealing in counterfeit products for years. The counterfeit products were usually sold in retail and wholesale.
Losses caused by counterfeiting
A report by Research and Markets had earlier pointed out that the estimated losses due to counterfeiting of clothing, textile, footwear, cosmetics, handbags, and watches had amounted to 98 Billion USD. This loss had included counterfeiting from offline as well as online mediums.
Another report by Red Points had noted fake products as a big threat to online brands. The Red Points Report read, “More than 80 percent of respondents to the survey (conducted by Red Points in USA) cited Amazon as their primary channel for searching for consumer electronics to buy. Search engines like Google represented nearly 70 per cent of search activity.”
Fake Casio products seized earlier this year
Casio, through an official statement, earlier this year, had informed that Kolkata Police had raided two major markets located in Kolkata (Bengal), India. Wholesalers and retailers, located in Mehta Building and Burabazaar were raided by a team of police personnel. These wholesalers and retailers, as per the brand, were selling fake Casio products.
“Brand Enforcement is been looked at very seriously by Casio. We would take this opportunity to thank Kolkata Police for their swift action. Casio will continue to take appropriate action to protect its brand image and safeguard the intellectual property associated with Casio products,” had noted Umesh Kumar Gupta, legal head of Casio India.