“Five companies, namely Flex, Lenovo, CTDI, R-Logic, and Aforeserve have volunteered for the pilot. Post the pilot a detailed assessment will be carried out and modifications will be made in the process and policy as necessary,” the IT ministry said.
ET had on Wednesday reported that the IT ministry would launch a pilot of this project aimed at capturing 20% of the global electronics repair industry by relaxing customs and e-waste rules and allowing companies to repair consumer electronics and telecom equipment brought in from other regions.
Through the ERSO scheme, India hopes to capture 20% of the global repair service market – currently valued at $100 billion – in five years. At present, India’s revenue from repair services is about $350 million.
