India's First Display Fab to be Established in Telangana

Elest, a subsidiary of gold retailer Rajesh Exports, will build the country's first display fab facility in Telangana with an investment of Rs 24,000 crore.

According to the official release on Sunday, Telangana IT Minister K T Rama Rao and Rajesh Mehta, Chairman of Rajesh Exports, announced the launch of the 6th generation AMOLED display FAB. The Telangana state government has signed a memorandum of understanding with Elest, based in Karnataka, for a manufacturing unit of next-generation displays for smartphones, tablets, and laptops.

Founded by sponsors of Fortune 500 global company Rajesh Exports, Elest will build a Display FAB through technological collaboration and input from the world's most advanced and premier research centers, according to a press release.

Telangana IT Minister further said that the display fab in Telangana would put India on a global map at par with selected countries including China, the USA, and Japan. He said the government is confident that display factories in the state will provide a great boost to the state's prosperous electronics and IT ecosystems and their ancillary facilities. 

The display factory will be built under the Indian Semiconductor Mission Program of the Ministry of Electronics and Information Technology by the Government of India.