GROUP MEMBERS NAME ROLL NO SIDDESH CHAVAN 12 RUPALI GULE 17 NIKHIL MONDE 32 ABHISHEK RANE 39 DIPIKA TAMBE 49
Is a kind of duplication where even the original manufacturer would not be able to distinguish between a genuine and a fake product. These fake products bear the identical name of the original product, its packaging, graphics, color pattern, design and even same name and address as the genuine manufacturer. As per The Consumer Protection Act, 1986 “ spurious goods and services” mean such goods and services which are claimed to be genuine but they are actually not so.
Pharmaceutical sector in India
The pharmaceutical industry in India is among the most highly organized sectors. This industry plays an important role in promoting and sustaining development in the field of global medicine.
Grows at about 1.5-1.6 times the Gross Domestic Product growth
India ranks third in terms of manufacturing pharmacy products by volume
Indian pharmaceutical industry is expected to grow at a rate of 9.9 % till 2010 and after that 9.5 % till 2015
The retail pharmaceutical market in India is expected to cross US$ 12-13 billion by 2012
In 2007-08, India exported drugs worth US$7.2 billion in to the US and Europe followed by Central and Eastern Europe, Africa and Latin America
China’s unfair and illegal practices of producing fake drugs with label ’made in India’ have posed danger to India.
India and China have been held responsible for fake drugs in the Nigerian market in particular and Africa.
30 Indian and Chinese companies were banned in Nigeria for exporting fake drugs to the country between 2001 – 2007.
Activities not only take legal market share but tarnish the image of Indian Industry in other countries.
National Agency for Food and Drug Administration and Control (NAFDAC) of Nigeria found boxes containing fake anti-malarial drugs such as Maloxine and Amalar tablets
Estimated value of N32.1 million ($220,000)
The labels on the products showed that they were manufactured in India
The bill of lading indicated they have been produced in China, and the exporter is Heihe Cheng Feng Trading co, Ltd. (Shenzhen Shenghetai Trading Co. Ltd).
China has been unfairly manufacturing fake drugs for a long time. According to China Daily newspaper, China’s FDA counted 329,613 cases of distribution of unlicensed drugs and medical products in the past years
Bian Zhenjia, deputy head of the State Food and Drug Administration, said in a news conference that China was being unfairly blamed for the problem, especially by foreign media which claim the country is a major exporter of fake drugs.
Chinese government has always been active in cracking down companies that produce fake drugs. But sometimes overseas companies ignored Chinese regulations and did business with unregistered firms.
Indian Industry’s reputation and put a question mark on safety and quality measures of Indian products
India’s High Commissioner in the Nigerian capital of Abuja, Mahesh Sachdev mentioned that “these incidents not only dents our image and takes our legitimate market share
It is confirmed that major motivation of the companies selling fake drugs is just profit, not safe products.
They are more inclined to perfect the packaging, not the contents and quality of products
Lengthy supply chains
Huge gap in demand & supply.
Price of these products which are sold at 40 to 45% lesser value than the original.
How to identify ?
Original Benadryl Cough Formula Label
craftsmanship of fake drug manufacturers
Putting up 3-d holograms on the products.
Printing bar codes across the products (chips covers, pet bottles, etc).
Laws on the piracy & copying.
Frequent raids by the police on all the illegal activities (making of the fake products).
More promotion campaigns that lay emphasis on genuine products