De La Rue teams with Canadian tech firm
De La Rue announce that it has entered into a strategic partnership with Opalux, a producer of premium first level security features. The partnership will incorporate joint product development and related sales execution on a global basis. Commenting on the new partnership, Ulrich Walter, the Product Director De La Rue’s Security Features and Identity Portfolio said: ‘As a security business, we spend every day staying ahead of the counterfeiter across currency, identity, tax stamps and brand protection. One of our core strategic priorities is to grow our security features portfolio by investing in research and development, as well as partnerships. Opalux has an exciting technology that we believe can play a significant role for our global customers, as part of an integrated portfolio and multiple solutions from De La Rue.’ For more click here
Anti-Counterfeit solutions providers eye big business in India
With manufacturers across industries looking at adopting anti-counterfeiting solutions to secure their products, solution providers expect their business to grow exponentially in future. Industry representatives say counterfeiting is a problem for both manufacturers and consumers of goods. The usage of anti-counterfeiting features like holograms, bar-coding, security printing, and app-based verification is not widespread in India. “Most of the products in important segments like food products, FMCG, low-cost electronics appliances and others severely lack anti-counterfeiting solutions,” Arun Agarwal, CEO of Kantas Track-Pack India and vice-president of Authentication Solution Providers Association (ASPA), told Express. He noted that the penetration of anti-counterfeiting safety measures is less across all sectors — not even one to two per cent. “This presents anti-counterfeiting solutions providers an enormous opportunity to grow, but we have to overcome certain challenges to achieve the growth,” Agarwal added. For more click here
Telangana, Fake pharma firm busted, Rs 50million goods seized
Hyderabad, India: The special operations team of Rachakonda busted a fake pharma manufacturing unit in Chaitanyapuri and seized huge quantities of drugs. According to the police, the owner of the unit, Ramakrishna, had the licence to distribute drugs manufactured by other companies. However, he recently started a manufacturing unit. Most of the products he manufactured were meant for pregnant women and children.The police seized huge quantities of tablets, tonics, milk powder, protein supplements and other products used by pregnant women and children.For more click here
Counterfeit Seizures
KPMG new report: Enhance awareness to check illicit trade
The government needs to take steps such as raising awareness and moderating taxes on goods to check illicit trade in the country, a Ficci-KPMG study. The complete report can be access at https://assets.kpmg.com/content/dam/kpmg/in/pdf/2017/10/Illicit-Trade_web.pdf
It suggested that better awareness about counterfeit and smuggled products through government initiatives would help contain illegal trade practices. Government and industry can join hands to run campaigns for reducing the market of counterfeit and pirated goods, it said adding task forces can be formed to look at links between terrorism, organised crime and illicit trade. The report said government can look at moderating levels of taxation as higher levies promote illicit trade. It also said funds generated through such trade practices are used for terror financing and organised crime. Smuggling, counterfeit and piracy are some of the most preferred mechanisms used by terrorist organisations to finance their operations, it said. For more click here
 
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Brand awareness key to combating counterfeits: In a similar drive, ASPA is conducting workshop on brand protection awareness across the country. The workshop is part of the measures the association is taking to develop and strengthen the industry’s capacity to combat product counterfeits through evidence-based research, education and outreach. ASPA, which is running the ‘Make Sure India’ campaign for over two years now, is keen on educating brand owners and consumers about the issue. It had recently launched a workshop series for professionals involved in tax revenues, supply chain management, quality and product packaging to provide them information on importance of authentication solutions in fighting fakes. For more click here
Scannia and SKF holds stakeholders meeting on counterfeit autoparts
Scania in collaboration with it's Swedish partner SKF held a workshop for engineers, mechanics, people in the transport and mining sector. This is to sensitize them about the influx of counterfeit spare parts and the and the danger it possess to businesses and the society. Addressing the gathering Tina Astrom, Director, SKF Brand Protection, stated that most counterfeited spare parts on the market cost more than the genuine ones and the people who end up buying them only pay for the packaging. She however stated that it takes a lot of expertise to spot the difference between a genuine and a counterfeited part. For more click here
Another Scandal Hits EC Boss Over Pink Sheets
The controversial contract awarded to a private firm by the Electoral Commission (EC) for the printing of the Statement of Polls and Declaration of Results Forms – popularly called Pink Sheets – during the crucial general elections almost a year ago, is resurfacing. This is because a petitioner, who is seeking the removal of the EC chairperson, Charlotte Osei, has claimed that the EC boss put herself in a conflict of interest situation when she awarded the contract to Aerovote Security Printing (Ghana) Limited to print the pink sheets. For more click here
Ghana to implement tax stamp policy in 2018
Ghana to implement the tax stamp policy begining with Tobacco, Alcoholic and non-Alcoholic drinks, bottled water and textiles in January, next year. A deputy Minister of Finance, Mr Kwaku Agyeman Kwarteng, who dropped the hint said the implementation of the tax stamps policy was not an imposition of additional tax by the government but a measure to protect genuine businesses from counterfeiters. It is also to ensure that more people and businesses honour their tax obligations. Mr Kwarteng was speaking at the third workshop on local raw materials sourcing, organised by the Guinness Breweries Limited (GGBL) in Accra. Tax stamps are small stickers with security features, to be supplied by the government to some manufacturers and importers. The stamps are to be affixed to their products before they are released onto the market. These stamps, once seen on a product would provide significant guarantee that the products were authentic. For more click here
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Latest Tender Alert
I). Organisation Name: DARPHANE VE DAMGA MATBAASI GENEL MÜDÜRLÜGÜ BASBAKANLIK HAZINEMÜSTESARLIGI
Country : Turkey
Description: Tender are Invited for Supply of 12500000 Single Transparent (Transparent) Hologram (Ovd).
Deadline: 28 Nov 2017