Rajesh Exports announces setting up of India's first display plant with an investment of $3 billion

Rajesh Exports announces setting up of India's first display plant with an investment of $3 billion

Daily Current Affairs   /   Rajesh Exports announces setting up of India's first display plant with an investment of $3 billion

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Category : Business and economics Published on: June 15 2022

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  • Jeweller Rajesh Exports has to invest $3 billion in Telangana to set up the country's first electronic-display plant.
  • 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.
  • Karnataka-based Elest was incorporated for the purpose of manufacturing innovative technology products such as AMOLED displays, Lithium-ion cells, batteries and electric vehicles, among others.
  • The proposed investment of Elest is one of the largest investments in India’s electronics sector and the largest-ever investment by size into Telangana.
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