India's first display fab to be established in Telangana worth Rs 24,000 crore

Rama Rao further said 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, the Telangana government 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," he said.

The government is confident that having a display fab in the state will be a major boost to the thriving electronics and IT ecosystem in the state and its ancillaries, he said.

With the announcement of this investment, Telangana emerges as a front-runner in the semiconductor and display fab sector, the release said adding it is one of the largest investments in the country's electronics sector and the largest ever investment by size in Telangana state.

The display fab would be set up under the India Semiconductor Mission programme of the Ministry of Electronics and Information Technology, Government of India.

Chairman of Rajesh Exports Rajesh Mehta said the display fab in Telangana would attract some of the finest global talents in the next generation technology and would generate direct opportunity to more than 3,000 people, including scientists and advanced technology professionals.

"It would create a much larger ecosystem of partners, ancillaries, suppliers, generating thousands of jobs. Elest is confident that the setting up of the Gen6 AMOLED Display manufacturing facility will generate a global interest and would ensure future technology growth in our country, he said.

Elest would also be setting up a research and development centre for research in the next generation areas of advanced display technology, the release added.