Jeweller Rajesh Exports has agreed to invest $3 billion in India’s southern Telangana state to set up the country’s first electronic-display plant, the state government said late on Sunday.<\/p>\n
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.<\/p>\n
“What was hitherto possible only in Japan, Korea and Taiwan, will now happen in Telangana,” the creation of a large-scale ecosystem of partners and ancillaries supplying world-class television, smartphone and tablet makers, Telangana Industries Minister KT Rama Rao said, announcing the investment.<\/p>\n
Rajesh Exports is also an applicant for Prime Minister Narendra Modi’s $10 billion incentive plan to push companies to set up semiconductor and display operations in India, the government’s next big bet on electronics manufacturing.<\/p>\n
Industry body ICEA estimates demand in India for displays will be nearly $60 billion between 2021 and 2025.<\/p>\n
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.<\/p>\n
The company has qualified for incentives under a $2.4 billion federal government scheme for battery manufacturing in India.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jeweller Rajesh Exports has agreed to invest $3 billion in India’s southern Telangana state 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. “What was hitherto possible only in Japan, Korea and Taiwan, will now happen in Telangana,” the creation of a large-scale ecosystem of partners and ancillaries supplying world-class television, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799265","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799265"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799265\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}