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Indian Economy - Understanding the basics of Indian economic system
Context: Recently, the Union Ministry of Electronics & IT launched the ERSO Pilot initiative to validate certain transformational policy and process changes to make India the Repair Capital of the World.
It aims to promote India as a hub for repairing electronic goods and to assess the feasibility and potential of capturing 20% of the global repair service market within five years.
The pilot is being held in Bengaluru and will be run for three months.
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.
Nodal Ministry: Ministry of Electronics & IT.
The project has been identified as a game-changer for India and make India a world leader in a hitherto untapped domain.
The ERSO initiative will be a game-changer for Global environmental sustainability and reiterates India’s commitment to the environment and our planet.
The initiative will enable extension of device life globally by providing cheap and reliable repair of ICT products for the globe.
By: Shubham Tiwari ProfileResourcesReport error
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