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.
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.
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