KOCHI: The 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. 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.
"If a rubber manufacturer uses a pirated software or hardware anywhere in his 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," said Sheela Thomas, chairman of the Rubber Board. With a share of nearly 11.8% of India's total rubber goods export and growing at a rate of 5%, the US has been one of the major traditional export markets for the country. However, lndian rubber industry is facing close competition from China, Canada and Indonesia, Thomas said.
More information on UCA is available at www. rubberboard.org.in. Traders can also contact Tamanna Chaturvedi, consultant at the Indian Institute of Foreign Trade, at tchaturvedi@iift.ac.in for details.
Source:-timesofindia.indiatimes.com
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