MAIT, Telecom News, ET Telecom

New Delhi: India’s electronics repair market can help generate more than five million direct jobs, with revenue potential of $ 20 billion annually, a new report has pointed out.

According to MAIT, the umbrella body representing India’s ICT and electronics manufacturing sector, the repair and calibration of subassemblies and electronics is a $ 100 billion industry worldwide.

“The high costs of repairing electronic products in developed countries like the United States and Europe are forcing companies to send products overseas, where these repair services are provided at lower prices due to both skills and cost arbitration, ”said the report titled“ Repair of electronic equipment. Outsourcing of Services (ERSO) was launched at the Electronics and Telecom Manufacturing Summit 2021 (MAIT-ETMS).

The report made recommendations to the Center to streamline and simplify procedures to make India a repair and refurbishment center for computer and electronic products.

“The electronics repair industry has the potential to become an emerging sector for job growth in India. With the proper regulatory support from the Indian government, the home repair service industry in India can experience tremendous growth, ”said Nitin Kunkolienker, President, MAIT.

“This will thus generate valuable Forex income and create jobs, especially in this time of COVID-19, which has left millions of Indians out of work,” he added.

The report highlighted the background of the regulatory landscape and highlighted the bottlenecks and challenges faced by repair units in India on a daily basis, such as various regulatory approvals, import / export restrictions, investment and cost of ownership. ‘infrastructure, lack of skilled labor and technology, e- waste constraints, etc.

“The initiative to make India a hub for electronics repair outsourcing is the next emerging sector for the country with the potential to generate over 5 million new direct jobs and attract investment from around the world. “, says the report.

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