ERJ staff report (BC)
Kochi: The Indian Rubber Board has warned exporters and traders against the use of pirated software in the wake of the Unfair Competition Act (UCA) in the US, reports The Times of India.
The recently-passed Act prevents US importers from buying a product manufactured by a company which uses pirated software or hardware in its software systems.
Rubber Board chairman Sheela Thomas said: "If a rubber manufacturer uses pirated software or hardware anywhere in its business and sells the product to a US company to become part of a larger product, the US company is liable for damages. This has resulted in an obvious shift in the preference of US companies for buying only from IT-compliant firms."
With a share of nearly 11.8 percent of India's total rubber goods export and growing at a rate of 5 percent, the US has been one of the major traditional export markets for the country. However, the Indian rubber industry is facing close competition from China, Canada and Indonesia, Thomas added.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Full story from The Times of India
