MeitY launches pilot project on electronic repair service outsourcing; projects $20 billion revenue potential in next 5 yrs
New Delhi: The government on Wednesday launched the Electronics Repair Services Outsourcing (ERSO) Pilot initiative on Wednesday with the objective to make India the most attractive repair destination for ICT products globally.
Over the next 5 years, India’s ERSO industry is likely to fetch up to $20 billion in revenue and also generate millions of jobs, according to the Ministry of Electronics & IT (MeitY).
The project has been identified as a gamechanger 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 policy and process changes required for ERSO have been introduced over the last few months by different departments of the government after in-depth discussions with the repair industry and are being validated for their efficacy and efficiency through a limited pilot that has been launched.
The pilot is being held in Bengaluru and will be run for a period of three months commencing Wednesday.
Five companies, namely Flex, Lenovo, CTDI, R-Logic & Aforeserve have volunteered for the pilot.
Post the pilot a detailed assessment will be carried out and modifications made in the process and policy as necessary.
The ERSO initiative will be a game-changer for global environmental sustainability and reiterates India’s commitment to the environment and our planet, the statement said.
It will enable the extension of device life globally by providing cheap and reliable repair of ICT products for the globe.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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