Nehru Place among notorious markets in world
"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, pirated optical media containing movies and music, and counterfeit goods," said the report released by the US Trade Representative (USTR).
The Out-of-Cycle Review of Notorious Markets report identifies more than 30 markets that typify the problem of marketplaces that deal in goods and services that infringe on intellectual property rights (IPR) and help to sustain global piracy and counterfeiting.
The results identify examples of both Internet and physical marketplaces that have been the subject of enforcement action connected with counterfeiting and piracy, or that may merit further investigation for possible IPR infringements.
"Piracy and counterfeiting continue to present a serious challenge to the innovation and creativity that is essential to supporting American jobs and creating economic growth around the world. The notorious markets highlighted in this review negatively impact legitimate businesses and industries of all sizes that rely on intellectual property to protect their goods and services," said US Trade Representative Ron Kirk.
"We hope that this review will continue to yield the kind of concrete action from highlighted markets that led to the removal of several markets from the list this year," he said.