Anti-Counterfeiting Projects

As per UN Forecast, India will have 1.5 billion people by 2030 and will be the most populated Country by 2030. There will be huge expectations from farmers to grow more food from less farm holdings. Crop Protection will play a big role in growing more and safe food for the country. The Indian Crop Protection Market size is estimated at INR 177.1 billion by sales in the year 2018. It has registered annual growth of 6.4% over 2017, when the market was valued at INR 166.4 billion. 

With a fairly large market to be explored and with virtually negligible check in the rural areas, the market attracts the counterfeiters. Spurious products are flourishing because of poor enforcement of law. If State Department officials can become strict on duplicate and counterfeit products, farmers can be saved from this menace, which will help them improve their productivity.

Apart from the farmer, the industry itself is suffering from the counterfeit products. It is estimated that a fairly large section of products are being sold as illegal or counterfeit, which threaten not only the efficacy for controlling the pest but poses a risk to the environment and has a knocking effect on the economy.

 

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