By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Latest World News UpdateLatest World News UpdateLatest World News Update
Notification Show More
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Reading: Illicit trade poses serious threat to economy and national security: Experts at FICCI CASCADE – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Illicit trade poses serious threat to economy and national security: Experts at FICCI CASCADE – World News Network
Business

Illicit trade poses serious threat to economy and national security: Experts at FICCI CASCADE – World News Network

worldnewsnetwork
Last updated: December 17, 2025 12:00 am
worldnewsnetwork
Share
4 Min Read
SHARE

New Delhi, [India] December 17 (ANI): Illicit trade, including counterfeiting and smuggling, poses a serious transnational threat to economic growth, consumer safety and national security, noted experts and law enforcement officials at a capacity-building programme organised by FICCI CASCADE in the national capital.
FICCI’s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE) organised a Capacity Building Programme for Police Officers on “Illicit Trade: Enforcement Challenges & Solutions” at the Specialized Training Centre in Delhi. The programme brought together over 60 senior police officers and industry representatives to discuss enforcement challenges and collaborative solutions to curb illicit trade.
Addressing the gathering, Yogesh Malhotra, Assistant Commissioner of Police, Specialized Training Centre, Delhi Police, highlighted the importance of such initiatives in strengthening enforcement capabilities. He said that capacity-building programmes play a critical role in improving the preparedness and operational effectiveness of police personnel dealing with economic offences.
Malhotra stated, “As police officers, it is imperative to acknowledge the extent to which counterfeit and smuggled goods have penetrated the marketplace. These unlawful practices not only undermine the economy but also adversely impact the social fabric, public health, and the overall well-being of citizens.”
Emphasising the role of policing from a victim-centric perspective, O P Thakur, Inspector, Delhi Police, said, “Police officers must view crimes through the eyes of the victims to fully grasp the extent of their suffering.” He stressed the need to acknowledge every cognizable offence and ensure timely and appropriate action against offenders.
Highlighting the broader economic and public health impact, Deep Chand, Advisor, FICCI CASCADE and Former Special Commissioner of Police, New Delhi, said, “Counterfeiting and smuggling have several detrimental effects. They result in significant losses for legitimate businesses, erode consumer trust, and deprive the nation of crucial revenue, thereby hindering overall growth and development.”
A key feature of the programme was an interactive session between industry and enforcement agencies. Mr. Ashish Paul, Vice President-Corporate Affairs, ITC Ltd., said, “Counterfeit trade and smuggling drain India’s economic potential. If we could cut illicit trade by just 50%, it would unlock unprecedented economic growth, generate employment, and boost legitimate businesses, reinforcing India’s journey toward self-reliance.”
He further added, “Generating awareness among young enforcement officials along with the discerning consumers is the need of the hour.”
According to a FICCI CASCADE report, the illicit market across five key sectors is estimated at Rs. 7.97 lakh crore, with textiles and apparel accounting for over half of the total value. The report noted that illicit trade continues to undermine legitimate businesses, distort market competition and significantly reduce government tax revenues, particularly in high-tax sectors such as tobacco and alcohol. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

HCLSoftware to acquire business intelligence platform Jaspersoft from Cloud Software Group for $240 million – World News Network

Puravankara announces acquisition of 53-acre land parcel in Bengaluru with GDV of over Rs 4,800 crores – World News Network

Why Vedanta-Based Learning Is Replacing Self-Help for Stressed Professionals and Entrepreneurs – World News Network

Comviva & Global Money Exchange win IBSi Global FinTech Innovation Award for Transforming Cross-Border Payments – World News Network

Hire Software Engineers with Ease – WeblineGlobal Revamps its Global Website – World News Network

Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article CARS24 Achieves Full Digital Loan Servicing with Pennant Technologies’ Cloud-Native Lending Platform – World News Network
Next Article ‘Sinners’, ‘Wicked’ and others lead as strong contenders in Academy Awards shortlist – World News Network
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

- Advertisement -

Latest News

“Closely monitoring the situation,” says Assam CM Sarma as violent protest claims two lives in West Karbi Anglong – World News Network
National December 24, 2025
Vijay Kumar Sinha lauds Nitin Nabin’s elevation, says Bihar’s son honoured by BJP central leadership – World News Network
National December 24, 2025
Protests in various Indian cities over mob lynching of Dipu Chandra Das in Bangladesh – World News Network
National December 24, 2025
Libya’s Army chief, four others killed in air crash in Turkey – World News Network
World December 24, 2025

Sports

“Hockey India League is exciting”: Vedanta Kalinga Lancers co-captain Arthur Van Doren – World News Network
Sports
Roundglass Punjab Hockey Club Academy, Salute Hockey Academy among winners in HI Sub Junior Championship – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

“Eyes filled with tears of joy and pride”: Emotional Big B reviews grandson Agastya Nanda’s ‘Ikkis’ – World News Network
Entertainment
Mumbai: Isha Ambani spreads joy and learning at Reliance Foundation’s ESA Day, joins over 680 kids at Hamleys Wonderland – World News Network
Entertainment
Latest World News UpdateLatest World News Update
Follow US
Copyright © 2023 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?