G20 PODIUM
IN a bid to emphasise on LiFE (Lifestyle for the Environment) movement through sustainable consumption, the Department of Consumer Affairs has taken a significant step towards developing a framework for Right to Repair. The aim is to empower consumers and product buyers, harmonize trade between original equipment manufacturers and third-party buyers and sellers, emphasize on sustainable consumption of products and reduce e-waste. Once rolled out in India, it will become a game-changer both for the sustainability of the products as well as serve as a catalyst for employment generation through Aatmanirbhar Bharat by allowing thirdparty repairs.
Reduce e-waste
The need for Right to Repair laws in India stems from a few factors. First, there is a growing concern over rising levels of electronic waste, as well as the environmental and health hazards associated with improper disposal of devices. The Right to Repair can help extend the lifespan of electronic devices, reducing the need for new devices to be produced. Second, there is a need to create a more competitive and affordable market for repair services in India.
Currently, many electronic devices are repaired only by authorised service providers, who may charge high prices for their services. The Right to Repair can enable consumers to repair their own devices, as well as provide access to independent repair services, which can promote competition and lead to more affordable repair services.
Right to Repair can also promote innovation and entrepreneurship in the country. By providing access to information, tools, and parts, the Right to Repair can encourage the growth of small-scale repair businesses and create employment opportunities, contributing to the growth of the economy.
Do it yourself
The concept of the Right to Repair refers to the ability of consumers to repair and maintain their own products, as well as to have access to information, tools, and parts needed to repair those products. This concept can be relevant for India, despite the presence of a large informal sector.
While the informal sector in India may already be involved in repairing and maintaining products, the Right to Repair can provide legal protection and recognition for this activity. It can help standardize repair practices and improve the quality of repairs. This can help to create more competition in the repair market and provide consumers with more affordable repair options.
Right to Repair will boost the secondary market in India. It is a crucial component of the financial system, where investors can buy and sell securities issued in the primary market. However, quality standards in the secondary market are important for a country that has huge informal, unregulated repair sector.
Secondary market
Quality standards help protect investors from fraud, manipulation, and misrepresentation. They help maintain the integrity of the secondary market by promoting transparency, consistency, and accuracy in financial reporting. Introducing quality standards for reused and resale products is crucial for several reasons:
Safety requirements: Standards can help ensure that products have been inspected, tested, and certified to meet safety requirements, reducing the risk of harm or injury to consumers.
Consumer confidence: If consumers are confident about the safety of the products, they are more likely to purchase and use reused and resale products.
Market growth: Businesses can compete on a level playing field, increasing the quality and consistency of circular economy products and services, and attracting more customers.
Environmental benefits: Need for new products will be reduced which will help conserve resources, reduce waste, and reduce greenhouse gas emissions, contributing to India’s circular economy goals and targets. By setting and enforcing quality standards, India can accelerate the transition towards a more sustainable and circular economy.
