India’s first display fab to be established in Telangana worth Rs 24,000 cr

Elest, a subsidiary of gold retailer Rajesh Exports, will be setting up the country’s first display fab facility in Telangana with investments worth Rs 24,000 crore.

Telangana IT Minister K T Rama Rao along with Chairman of Rajesh Exports Rajesh Mehta announced setting up of Generation 6 AMOLED Display FAB, an official release said here on Sunday.

The Telangana government signed an MoU with Karnataka-based Elest for the proposed fabrication unit which will manufacture next generation displays for smartphones, tablet computers, and laptops.