ESC asks govt to make India a repair hub for IT goods- Indicators-Economy-News-The Economic Times: "Electronics and Computer software Export Promotion Council (ESC) on Tuesday asked the government to create the right fiscal environment for promoting India as a major service hub for repair and refurbishment for IT and Telecom goods.
'Market for repair and refurbishment services world-wide is estimated at over 110 billion dollar. Spiralling cost of repairing in developed countries like the US and Europe is compelling the companies to send goods overseas, where such services are provided at lower prices,' ESC said in its presentation to the Finance Ministry as a part of its pre-budget exercise."
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