The Ministry of Electronics and IT has launched a pilot project on outsourcing of electronics repair services, which is expected to have a revenue potential of USD 20 billion over a period of next five years.
The project has been identified as a game-changer for India and has been supported by the government to make India a world leader in a hitherto untapped domain, an official statement said on Wednesday.
“The government today launched the ERSO pilot initiative to validate some of the transformational policy and process changes to make India the repair capital of the world,” the statement said.
MeitY, Central Board of Indirect Taxes and Customs (CBIC), Director General of Foreign Trade (DGFT) and Environment Ministry jointly worked with the industry to launch the pilot project.
“Over the next five years, India’s ERSO industry is expected to generate up to USD 20 billion in revenue for India and create millions of jobs,” the statement said.
The pilot is being conducted in Bengaluru and will be run for a period of three months starting today.
Five companies, namely Flex, Lenovo, CTDI, R-Logic and Eforserve, have volunteered for the pilot. A detailed evaluation will be carried out after the pilot and amendments will be made to the process and policy as required, the statement said.
Reacting to the development, AA Jafri, director general of IT hardware industry body MAIT, said ERSO would be able to extend device life by providing affordable and reliable repair of ICT (Information and Communication Technology) products globally.
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