This is the startling figure that
Transcend's Indian distributor, Mediaman Group, quotes to highlight the dominance
of the fake memory business menace. While Mediaman is accepting this as an
acceptable business loss, other distributors like Sri Durga Computech and Bytes
World are embarking on awareness drive to tackle this problem head on.
"We had hoped that the introduction of VAT would help to
curb the fake business, but unfortunately these spurious products still sell
well. The need of the hour is for the government to regularize the
implementation of taxes. Along with representatives from Transcend Information
Inc and Bytes World, we are working to increase awareness amongst the end-users
about this issue," Sanath Babu said.
"As part of the campaign, we are working to educate the
end-user to buy memory products only through authorized Transcend dealers. Most
importantly they have to look for the Transcend tamper-proof packing before they
buy the memory modules. In addition, we would be sending mailers and increase
advertisements in order to make sure that the end users know where and what to
buy from whom," said Hitesh Shah, Director, Bytes World.
But Dushyant Mehta, who had undertaken a similar drive a year
ago, says that it is very difficult to eradicate the fake market. "At times
it is difficult for a distributor like us to identify the fakes from the genuine
as they look so similar," he noted. Besides, he points out that the
Transcend memory business is so big that he would rather concentrate on selling
the genuine products, to tracing and fighting the fakes.
Mediaman had recently organized a seven-city road show to
showcase Transcend's latest range of on the go products, which includes flash
cards and lifestyle devices, which are portable hard disk drives, card readers,
MP3 players and a combination of both. This range is targeted at premium buyers
who are willing to pay 20 percent more than contemporary brands, to get better
quality. Transcend is aiming at reaching out to this audience through retail
outlets.
Transcend has manufacturing facilities in Taiwan and China.
However, Jeff Liu, Sales Manager for Transcend Information has not ruled out
setting up a manufacturing base in India, once the governmental policies become
friendlier.
Vinita Bhatia & Subbalaksmi Bm
Mumbaii