IT hardware makers’ body MAIT suggested making India a hub of electronic products repair, which can become a $20 billion industry in five years. As per MAIT’s estimate, India can easily create a global repair and calibration market of $20 billion in the next five years at a conservative estimate by just accumulating 30 percent of the global share.

Electronics repair can be a second revolution as an outsourcing business on the lines of the BPO or KPO industry. On top of that, it will create windows of opportunity for the RMA (Repair Management Authorization) industry, attracting foreign investment into the country.

MAIT President Emeritus Nitin Kunkolienker said, “India is in an advantageous position to be a better place for ERSO as compared to its other counterparts in Asia such as China, Taiwan, Indonesia and Malaysia due to various factors, including the availability of a competent workforce at a reasonable cost as well as other operational costs. We are happy that the government has appreciated our idea and has considered it keenly.”

“Moreover, with adequate government support, India would not only see some electronic repair unicorns but also create a significant repair-based knowledge economy in the next few years,” Kunkolienker said.