Electronics Repair Servicing Outsourcing (ERSO)

Electronics Repair Servicing Outsourcing (ERSO)

News: Recently, MeitY launched a pilot project on Electronics Repair Services Outsourcing (ERSO) to make India Global Repair Capital.

About:
 Over the next 5 years, India’s ERSO industry is likely to fetch India up to $20 billion in revenue and also generate millions of jobs. Right now India’s revenue from repair services is about $350 million.
 India’s e-waste policy will be modified to enable repair companies to domestically recycle 5% of imported goods by weight on a trial basis.
 The repaired goods will not be permitted to be sold in the domestic market.
 New provisions will be made to allow their exportation to regions other than their country of origin.

Significance:
 The initiative will help India become a world leader in what is an unexplored area.
 It will be a game-changer for Global environmental sustainability and reiterates India’s commitment to the environment and our planet.
 It will promote extension of device life and promote circular economy.
 Boost to domestic manufacturing and increased employment opportunities.