Rajesh Exports setting up India’s first display plant with $3 bn investment

by componentcart
0 comment

Jeweller Rajesh Exports has agreed to invest $3 billion in Telangana to set up the country’s first electronic-display plant, the state government said late on Sunday.

India and many governments around the world have raced to subsidise the construction of semiconductor and display factories as a shortage has hobbled the auto and electronics industries and highlighted the world’s dependence on a few sources, such as Taiwan, for vital supplies.

Industry body ICEA estimates demand in India for displays will be nearly $60 billion between 2021 and 2025.

Rajesh Exports, which has no prior experience in electronics manufacturing, is making the investment through Elest, a unit it incorporated for diversifying into making products such as displays and electric vehicles.

The company has qualified for incentives under a $2.4 billion PLI scheme for battery manufacturing in India.

You may also like

Leave a Comment

Technology News

TECHNOLOGY NEWS Provides the coverage of Electronics, Manufacturing & Technology and new trends in the market


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News

@2022 – All Right Reserved. Designed and Developed by Component Cart