Elest Signs MoU With Telangana To Set Up India’s First Display Fab Facility

Rajesh Exports-owned Elest has signed a MoU with Telangana government to set up India’s first display fab facility. This will be a Rs 24,000 crore project that will focus on manufacturing next-gen tablet, laptops, and smartphones.

The MoU between Elest and Telangana government was signed in the presence of K T Rama Rao along with Chairman of Rajesh Exports Rajesh Mehta. The state government said that this MoU would make the Telangana the most sought-after location in India for semiconductors.

Elest was established by Rajesh Exports with the vision of manufacturing innovative technology products such as AMOLED displays, Lithium-ion cells, batteries, and EVs. To set up the facility in Telangana, Elest will take inputs from some of the most advanced and finest research centres across the world.

“Having a Display FAB in Telangana would put India on a global map at par with select few countries such as China, USA, and Japan. Since the announcement of India Semiconductor Mission, Government of Telangana has been working on a mission mode to have a Fab in the State and this investment will provide us further encouragement to continue our efforts”, said Telangana Industries & IT Minister K T Rama Rao.

Speaking during the MoU signing event, Chairman of Rajesh Exports Rajesh Mehta said that Elest will generate Gen6 AMOLED displays which will attract global attention and bring in business.

The Display Fab will undoubtedly provide a major boost to the ecosystem of Electronics and IT ecosystem in the country. It will be set under the India Semiconductor Mission programme of the Ministry of Electronics & Information Technology.