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The Ministry of Electronics and IT has began a pilot mission on electronics repair services outsourcing which it expects to have a revenue potential of USD 20 billion over a interval of the following 5 years.
The mission has been recognized as a game-changer for India and has been supported by the Government to make India a world chief in a hitherto untapped area, an official assertion stated on Wednesday.
“The government launched the ERSO Pilot initiative today to validate certain transformational policy and process changes to make India the repair capital of the world,” the assertion stated.
Meity, Central Board Of Indirect Taxes and Customs (CBIC), Director General of Foreign Trade (DGFT) and Environment Ministry collectively labored with trade to roll out the pilot mission.
“Over the next five years, India’s ERSO industry is likely to fetch India up to USD 20 billion in revenue and also generate millions of jobs,” the assertion stated.
The pilot is being held in Bengaluru and will likely be run for a interval of three months commencing at this time.
Five corporations, specifically Flex, Lenovo, CTDI, R-Logic and Aforeserve have volunteered for the pilot. Post the pilot an in depth evaluation will likely be carried out and modifications made within the course of and coverage as needed, the assertion stated.
Reacting on the event, IT {hardware} trade physique MAIT Director General AA Jafri stated that ERSO will allow extension of machine life globally by offering low-cost and dependable repair of ICT (Information and Communication Technology) merchandise for the globe.
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