Counterfeit goods growing problem in India: USTR
US watchdog lauds Indiaâ€™s IPR efforts, but picks holes in legal framework.
Counterfeit goods and pirated software and optical media continue to thrive in India. A report by the United States Trade Representative (USTR) has named Nehru Place and Palika Bazaar in New Delhi, Richie Street and Burma Bazaar in Chennai, Manish Market, Heera Panna, Lamington Road and Fort District in Mumbai, and Chandni Chowk in Kolkata as markets that need to be watched out for this high-volume trade.
India, in fact, continues to be on the â€œpriority watch listâ€ of the USTRâ€™s â€œSpecial 301â€ report, despite a detailed submission of the intellectual property rights (IPR) compliance measures initiated by it in 2009.
The â€œSpecial 301â€ report is an annual review of the global state of IPR protection and enforcement. Priority watch list is a list of countries whose IPR compliance is not satisfactory from the US point of view.
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