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1 June 2023 : PIB

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1-June-2023

Daily Current Affairs For UPSC ,The PIB ( Press Information Bureau )


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1. MeitY launches pilot project on Electronics Repair Services Outsourcing (ERSO)

Topic: GS2 – Government initiatives.

Context:

      • The Indian government has launched the ERSO Pilot initiative to make India the Repair Capital of the World.

Issue:

      • The initiative aims to validate transformational policy and process changes to attract global ICT product repair business to India.

      • The convergence of MeitY, CBIC, DGFT, and MoEF&CC with industry stakeholders has facilitated the policy and process changes.

      • Over the next 5 years, the ERSO industry in India is expected to generate up to $20 billion in revenue and create millions of jobs.

      • The project is supported by the government to establish India as a world leader in the repair domain.

      • The pilot project will be conducted in Bengaluru for a duration of three months, with the participation of five companies.

      • The efficacy and efficiency of the introduced policy and process changes will be assessed during the pilot, and modifications will be made as necessary.

      • The ERSO initiative aligns with Prime Minister Narendra Modi’s call to support Mission LiFE and promotes global environmental sustainability by extending the life of ICT products through affordable and reliable repair.

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