Rajesh Exports owned Bengaluru-based Elest has signed a MoU with Telangana government to set up India’s first display fab facility to manufacture advanced AMOLED displays. This will be a Rs 24,000 crore project. It will supply AMOLED displays to TV, smartphone and tablet makers globally.
The MoU between Elest and Telangana government was signed in the presence of Industries & IT Minister of Telengana Mr. K T Rama Rao along with Chairman of Rajesh Exports Rajesh Mehta. The state government said that this MoU would make the Telangana the most sought-after location in India for semiconductors.
Elest was established by Rajesh Exports with the vision of manufacturing innovative technology products such as AMOLED displays, Lithium-ion cells, batteries, and EVs. To set up the facility in Telangana, Elest will take inputs from some of the most advanced and finest research centres across the world.
“Having a Display FAB in Telangana would put India on a global map at par with select few countries such as China, USA, and Japan. Since the announcement of India Semiconductor Mission, Government of Telangana has been working on a mission mode to have a Fab in the State and this investment will provide us further encouragement to continue our efforts”, said Telangana Industries & IT Minister K T Rama Rao.
Speaking during the MoU signing event, Chairman of Rajesh Exports Rajesh Mehta said that Elest will generate Gen6 AMOLED displays which will attract global attention and bring in business. The Display Fab Unit will boost the Electronics and IT ecosystem in the country. It will be set under the India Semiconductor Mission programme of the Ministry of Electronics & Information Technology. Elest would also be setting up a research and development center for research in the next generation areas of advanced display technology.
Courtesy : Image by Firmbee ,Finnrich ,Marilyn Murphy from Pixabay
