Minister for IT and Industries KT Rama Rao informed that Rajesh Exports a Fortune 500 company, has expressed its readiness to set up its unit in Telangana by investing Rs. 24,000 crores.
The Minister on Sunday tweeted, “Historic day for Telangana. Rajesh Exports (Elest), a Fortune-500 company, to setup India’s first Display FAB to manufacture the most advanced AMOLED displays, with an investment of Rs 24,000 Cr, making it one of the largest investments in high-tech manufacturing sector in India.”
The Minister further tweeted, “Telangana puts India on the world map of advanced high-tech manufacturing. What was hitherto possible only in Japan, Korea & Taiwan, will now happen in Telangana. To create large scale ecosystem of partners & ancillaries, supplying to world class TV, smartphone & tablet makers.”
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