According to a recent report appearing in the Times of India, China has emerged as a major threat for branded Indian products. Some Chinese firms are reportedly producing counterfeit products of popular brands like Dabur and ITC and selling them with a „made in India“ tag in India and Africa. Apart from severe damage to brand reputation, the economic losses are estimated to stand at Rs. 22,528 crores (close to $ 5 billion).

See, the full report (January 1, 2012):
http://timesofindia.indiatimes.com/business/india-business/Made-in-India-faked-in-China-5bn-loss/articleshow/11325880.cms