Indian electronic repair market can create over 5M jobs: MAIT

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).

Source: The Weekend Leader

Comments are closed.