India's first Display Fabrication Unit in Hyderabad

Tags: Popular National News

Recently Telangana Government has signed an MoU with Bengaluru based Elest to set up India's first Display Fabrication Unit in Hyderabad.

• This display fabrication unit will be set up with an investment of Rs 24,000 crore.

• It will be set up under the India Semiconductor Mission program of the Ministry of Electronics and Information Technology.

• The Generation 6 AMOLED Displays FAB will be set up in Hyderabad to manufacture next generation displays for tablet computers, smartphones and laptops.

• Importance of Display Fab

• Setting up Display Fab in Telangana will put India on the global map along with countries like the US, China and Japan.

• Having a display fab in Telangana will give a boost to the electronics and IT ecosystem in the state and its subsidiaries.

• Ever since the Bharat Semiconductor Mission has been announced, the Telangana government is working on a mission mode to set up the fabs in the state.

• Semiconductor mission

• ISM was launched in 2021 under the aegis of Ministry of Electronics and IT (MeitY) with an outlay of Rs 76,000 crore.

• The scheme is a part of a comprehensive program for the development of the semiconductor and display ecosystem in India.

• It was launched with the aim of providing financial assistance to companies investing in semiconductors, design ecosystem and display manufacturing.