Counterfeit cause Rs 1 tr loss to India; ASPA
Stressing the need to have anti-counterfeiting solutions along with adequate awareness and monitoring, industry body  ASPA  has claimed  counterfeit products  across various sectors in India are causing losses to the tune of over Rs 1 lakh crore every year. The Authentication Solution Providers' Association (ASPA), comprising 60 members, mainly focuses on adoption and advancement of  authentication technology  and solutions for brand, revenue and document protection. "At present counterfeiting causes around Rs 1.05 lakh crore losses to India per annum. If counterfeiting is curbed by 50 per cent through proper implementation of authentication solutions, enforcement, awareness and monitoring, it can save more than Rs 50,000 crore per annum," ASPA President  Nakul Pasricha  told .  Read more
Porsche's 'Brand Protection Officers' confiscated 200,000 counterfeits goods valued $67 million
Last year, Porsche says the trio confiscated more than 200,000 individual items, valued at nearly 60 million Euros, or $67 million. Of those items, 33,000 were spare car parts worth two million euros ($2.24 million). The rest were a mixture of memorabilia, apparel, and other various non car-related goods. Read more
EY & CII Report; Automakers need to adopt digital supply chain solutions
Indian automotive industry is currently going through a paradigm shift and it needs to adopt digital supply chain solutions to meet the increasing product complexity and market dynamics, states a joint report published by  CII  and Ernst & Young. Titled as ' Automotive supply chain- Emerging trends for building intelligent supply chain ', the report emphasises on the impact of 'Future of Mobility' and the solutions required to be adopted by the stakeholders for that. The report says that rather than merely doing digital projects, the organisations need to be digitally operated. With the new trends like connected, autonomous and electrified cars and  shared mobility , the Indian automotive industry is about to experience a monumental change.  >>>> Read more
Delhi to enhance tax stamps security features
With at least two cases of duplicate barcodes bottles and cartons surfacing in the last few months, Delhi government has decided to rope in a government corporation to print such labels with additional security features. Senior Delhi government officials said the excise government is in talks with Security Printing and Minting Corporation India Limited (SPMCIL), which prints currency notes, to print security features-rich excise adhesive labels, which can’t be copied or duplicated.

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Netherland invite bid for 800 million tax stamps
Dutch tax authority has invited tender for production and distribution of approximately 800 million tax stamps per year. Currently, for the manufacture of Dutch tax stamps, Dutch Customs has concluded one single Framework Agreement with one single contracting partner. This Framework Agreement will expire on 20 November 2020. The Contracting Authority views the purpose of this tender as a continuation of the tax stamp process, and its intention is to contract this tax stamp process again with one single qualified supplier for the origination and production of tax stamps, and to contract the order portal and distribution of tax stamps with one single qualified supplier.
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Jindal Stainless Limited clamps down on counterfeit market
It is estimated that over 25% of pipes and tubes sold annually in India bear the counterfeit branding of Jindal Stainless Limited. We aim to curtail this counterfeiting and capture the growing decorative P&T market in the next 2 years." For more click here
Tyre Association trial traceability technology
The Tyre Recovery Association (TRA) announced the successful completion of a digital tyre tracking trial. Conducted with TRA member, Fraser Evans & Sons Ltd , and technology partner PragmatIC , the trial used RFID tags. For more click here
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