Industry stakeholders have informed the Ministry of Electronics and Information Technology (MeitY) of the need for higher incentives since global prices of memory, a key input, are expected to remain elevated for at least 18 months amid a supply shortage, Chandak said on the sideline of an industry event.

Memory prices are expected to remain high for 12-18 months, impacting device costs, warns IESA president Ashok Chandak.

India will face high memory chip prices for the next 18 months due to limited production capacity, warns IESA President.