Meity launches pilot project on Electronics Repair Services Outsourcing, sees $20 bn revenue potential in 5 yrs

Updated: May 31 2023 8:44PM

New Delhi, May 31 (PTI) The Ministry of Electronics and IT has started a pilot project on electronics repair services outsourcing which it expects to have a revenue potential of USD 20 billion over a period of the 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 launched the ERSO Pilot initiative today to validate certain 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 industry to roll out the pilot project.