KTR the Minister for IT and Industries has struck the gold again. He got a deal of around twenty-four thousand crores from a company for Telangana.
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 the setting up of Generation 6 AMOLED Display FAB.
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.
“Historic day for Telangana. Rajesh Exports (Elest), a Fortune-500 company, set up India’s first Display FAB to manufacture the most advanced AMOLED displays, with an investment of Rs. 24,000 crore, making it one of the largest investments in the high-tech manufacturing sector in India Tweeted KT Rama Rao.
