April 25, 2021
1 min read

‘Indian electronic repair market key in creating jobs’

According to MAIT, the apex body representing the ICT and electronics manufacturing sector in India, the repair and calibration of electronic subassemblies and products is a $100 billion industry worldwide….reports Asian Lite News

The electronics repair market in India can help generate over five million direct jobs, with a potential to generate revenues of $20 billion per annum, a new report has emphasised.

According to MAIT, the apex body representing the ICT and electronics manufacturing sector in India, the repair and calibration of electronic subassemblies and products is a $100 billion industry worldwide.

“High costs of repairing electronic goods in developed countries like the US and Europe are compelling the corporates to send goods overseas, where such repair services are provided at lower prices due to both skills and cost arbitrage,” said the report titled ‘Electronic Hardware Repair Services Outsourcing’ (ERSO) launched at the Electronics and Telecom Manufacturing Summit 2021 (MAIT-ETMS).

https://twitter.com/mait_in/status/1386254181242052609

The report made recommendations to the Centre to streamline and simplify procedures to make India a repair and refurbishment hub for IT and electronic products.

“The electronics repair industry has the potential of becoming an emerging sector for employment growth in India. With the right regulatory support from the government of India, the domestic repair service sector in India can experience a tremendous boost,” said Nitin Kunkolienker, President, MAIT.

“It will, thereby, generate valuable Forex revenue as well as create employment, especially during these COVID-19 times, which has made millions of Indians job-less,” he added.

The report highlighted background on the regulatory landscape and emphasised bottlenecks and difficulties being faced day to day by the repair units in India, such as various regulatory approvals, import/ export restrictions, investment and Infrastructure cost, lack of skilled workforce and technology, e-waste related constraints, etc.

Also read:‘Facebook job ads biased against women’

Previous Story

RBI bans American Express, Diners Club

Next Story

Amazon to allow direct seller-customer contact

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

Job vacancies hit record high amid worker shortages

Though there’s a shortfall in workers, the statistics agency said

Indian Markets Rally Towards New All-Time Highs

The Indian Rupee was under some pressure and lost 22