Nehru Place among world’s biggest markets for pirated items: US agency
Nehru Place — the good old market that you visit for all your computer hardware and software needs — is not only the national capital region’s (NCR) biggest Information Technology-hub but is also known as one of the biggest markets in the world for pirated and counterfeit products. HT reports.delhi Updated: Mar 02, 2011 01:04 IST
Nehru Place — the good old market that you visit for all your computer hardware and software needs — is not only the national capital region’s (NCR) biggest Information Technology-hub but is also known as one of the biggest markets in the world for pirated and counterfeit products.
A United States-based organisation has named Nehru Place as among the world’s notorious markets for pirated and counterfeited products including software. ‘Notorious Markets List’ prepared by the US Trade Representative (USTR) has named more than 30 Internet and physical markets that are trading in pirated products.
Some of the markets that have been named along Nehru Place include Silk Market in Beijing, Urdu Bazaar in Pakistan and Red Zones shopping areas in Thailand. China’s popular website Baidu also features in the list.
“Nehru Place is reportedly one of the many markets in major cities throughout India that are known for dealing in large volumes of pirated software, optical media and counterfeit goods,” the USTR report released on Monday said.
With more than 1,500 shops, company distributors and retail, dealing with all kind of computer peripheral, hardware and software, Nehru Place is one of the largest computer markets in India.
According to a conservative estimate, this market does an annual business of more than R10,000 crore. More than two lakh people from Delhi and the neighbouring towns visit Nehru Place everyday.
Along with this market thrives, a large number of small shops and fly-by-night market that deals in pirated computer software, phone software, computer games and films. These shops also sell counterfeit products such as computer hardware, in genuine-looking packing that affects the business of genuine retailers and software.
“Our association along with a leading multi-national dealing in IT products has been trying to crackdown on the business of counterfeit products and pirated business. You can even see juvenile selling these things to vulnerable buyers. Our attempts to remove hawkers who have encroached the market and deal in pirated stuff have so far proved futile,” said V Krishnan, executive secretary, Progressive Channels Association of Information Technology.
“Pirated things are sold quite openly. The entire market is affected due to wrong doings of a few,” said Kapil Wadhwa, who runs Champion Computers.
According to the report, the identified markets — both Internet and physical — are helping to sustain global piracy and counterfeiting. The report said the value of counterfeit and pirated products sold worldwide is likely to grow to as high as $1.78 trillion by 2015.
(With inputs from PTI)