FAKE KNITWEAR PRODUCTS FLOOD INDIAN MARKET FROM PUNJAB MANUFACTURING HUB, SAYS REPORT
February 1st, 2016
Counterfeit knitwear and garments are flooding the country’s markets, according to accountants Grant Thornton and the Federation of Indian Chambers of Commerce and Industry (FICCI), and clothing industry concern is growing about the role of north Indian knitwear hub of Ludhiana.
A FICCI/Grant Thornton study, ‘Emerging Challenges to Legitimate Business in the Borderless World’, released in January, says India’s trade in clothing fakes is driving down sales of major apparel brands: “Smuggling of apparel is also rampant in India, in the used wearable ...
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