-Galla S Kiran Kumar,Bureau Chief Telagana(Andhra Pradesh)
Elast to be established in Telangana
The first display fab company in the country
MOU with state government
For smart phone, laptop, tabs
AMVOLED display display
It is not for the state .. it is the pride of the country
More investments in this field: KTR
Direct employment for over 3 thousand people: Elist
Hyderabad: The country’s first display fab manufacturing industry will be set up in Telangana. The industry will be set up by Elite, a subsidiary of Rajesh Exports, a PSD trading company. Bangalore-based Ellest will set up a display manufacturing industry with a huge investment of Rs 24,000 crore. The industry manufactures advanced ‘AMVOLED’ displays used in smartphones, tabs and laptops. During a meeting with Minister KTR in Bangalore on Sunday, Ellest signed a memorandum of understanding with the state government. KTR said that these investments coming to Telangana in the field of display fab are a source of pride not only for the state but also for the country. With the establishment of this industry, India will stand opposite countries like China, America and Japan.
It is said to be the largest investment statement in the history of the country in this sector. “This is a historic day for Telangana. Rajesh Exports (Elist) is one of the Fortune 500 companies. The company has decided to set up the country’s first display fab manufacturing company in Telangana with an investment of Rs 24,000 crore. It will be a huge investment in the high-tech manufacturing sector in the country, ”KTR said. We are constantly working to bring investment to the state in the fab sector. Now, as a result of their efforts, Elist Company has announced an investment. He said that more investments would come to Telangana in this sector and there would be ample opportunities for growth in the electronics, IT and allied sectors in the state.
KTR said Telangana was at the top of the list of states competing for more investment in the semiconductor and display fab sectors. Rajesh Mehta said that the display fabric manufacturing industry is being set up under the ‘India Semiconductor Mission’ program undertaken by the Central Government. He said the industry, which will be set up in Telangana, will have the opportunity to attract the best talent in the world. The state-of-the-art plant will provide employment to 3,000 scientists and other state-of-the-art technology professionals. He also said that thousands of jobs would be created in the form of Display Fab partners, affiliates and suppliers in the sector. Jayesh Ranjan, Chief Secretary, Industries and IT, Sujay Karampuri, Director, Electronics;
