MAIT, the apex body representing India’s ICT and Electronics sector, said that India could create 5 million employment opportunities and attract global investments going forward.
It has analysed in detail the legal, policy and compliance related recommendations for the Government of India to consider the changes in the policy measures in the sector.
The report underlined recommendations for the Government of India to simplify the procedures to make India a repair and refurbishment hub for IT and electronic products. The report focuses on the importance of the repair market, based on independent third party research and analysis conducted by Lexport as knowledge partners.
The report further highlighted the regulatory landscapes and focuses on the difficulties faced by the repair units in India, which include various regulatory approvals, import/ export restrictions, investment and infrastructure cost, lack of skilled workforce and technology, E-waste related constraints, amongst others.
“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. 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”, said Mr. Nitin Kunkolienker, President, MAIT.
The initiative to make India an Electronics Repairs Outsourcing Hub will be the next emerging sector for the country and will also have the potential to generate over 5 million new direct jobs, attract investment from across the globe which will further add on to India’s GDP and FE earnings.
The report highlighted the following as its ‘Wishlist’ to the Government of India:
Inclusion of ERSO under the Foreign Trade Policy
Green Channel facility should be provided to the ERSO industry, without any custom duties
A time bound logistic movement should enabled to avoid any delays at the custom port
Self- Certification regime must be allowed to avoid any undesirable logistic delays
Customs Duty Exemptions, Duty Free Scripts, stamp duty exemptions, tax holidays/ exemptions, E-waste related exemptions etc.
For establishment of New Repair Units, the Government can provide – subsidies, land at decent rates, electricity, water and other utilities should be provided at very reasonable rates.
Repair units should be incentivised based on the number of repairs undertaken by them for domestic as well as overseas customers.
