Global memory and semiconductor cost inflation affects device prices

 Support for components is essential to boost local manufacturing and reduce imports

 "With global memory and semiconductor cost inflation impacting device affordability, the next phase of component-linked incentives and ECMS is critical to correcting cost structures, increasing domestic value addition and building resilient supply chains. Sustained and forward-looking policy support for electronic components and semiconductors is critical to reducing India’s import dependence, deepening localisation and strengthening the domestic electronics manufacturing ecosystem,” said Mr. Rajesh Sethi, Group Chief Financial Officer, Lava International Limited.

 

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