Due to this scheme of the government, the display will be made on a large scale in the country itself, jobs will be full

New Delhi. New Delhi. To increase employment and investment in the country, the Central Government has invited Expression of Interest from global and Indian companies to set up Display Fabrication Units. These include setting up LCD, OLED, unique or QLED based display fabrication factories.
According to estimates by the Ministry of Electronic and Information Technology, the display market in India has increased to $ 7 billion. It will more than double to 15 billion dollars by 2025. This is expected due to increase in production and export of mobile devices, laptops, etc. Therefore, now the central government wants to produce it in the country itself. The Ministry has said that on the basis of the information of entry, a plan can be prepared to set up a display fabrication unit in the country. The move is according to the Central Government’s Production Linked Incentive Scheme (PLI, PLI), which aims to make India a center of export and value addition in electronics. Setting up display fab is in line with India’s goal of self-reliant India. The last date for filing a letter of interest is April 30, 2021. It is worth mentioning that 25 percent of the cost of the content of a mobile device is in the display, while in the case of SLD and LED television sets, the share of the display is up to 50 percent.
Also read: Immediate loan of 50 thousand rupees will be available, just have to do this process

So step takenAccording to the ministry, the electronic manufacturing sector is currently affected due to cost inefficiency of 10 percent. This is the reason that India imports the entire of the total requirements of its display fab. Therefore, due to the display oriented capital manufacturing trend, the industry needs to be encouraged, so that display fab plants can be set up in India. Experts say that some companies in China, South Korea, Taiwan and Japan only have display fab technology. He says that China dominates the LCT fab market and companies have invested 50 to 70 billion dollars in it with a 70 percent share.
ALSO READ: Do these 5 things in your financial portfolio, you will get big profits

This is how displays are made

Screens are made in a complex manner in the display fabrication factory. In this, other work is done apart from preparing the glass with the transistor cell one by one and using alloys and silicones. This is what we call display. It requires a minimum investment of 2 billion dollars. The display assembly plant requires various other components along with assembling the glass. Most fab plants also have an assembly plant.
ALSO READ: IPOs are making investors rich this year, these IPOs gave 40% big profit with listing

China has made a big investment
Samsung and LG currently occupy the premium OLED market. However, China has also invested heavily in it. Other major businesses include Chinese companies such as BOE Display and TCL and Taiwanese companies such as Inolux and Japan-based companies Toshiba and Sharp. However, there are some assembly units in India, in which Chinese companies like Holitech import glass. Samsung is also setting up a display plant in Uttar Pradesh by investing around Rs 5,000 crore. Although it is primarily for mobile phones.
Also read: Easy way to transfer money in NPS account, know the details of new facility

Government will give these facilities on setting up the factory
The ministry says that prospective applicants will have the necessary IT and technology for manufacturing display fabs. Apart from this, the applicant should have 5 years experience of running commercial display fab facility. The applicant will have to submit a primary project report about his plant, investment, technology, features and the need for support from the Central or State Governments for the same. This can be in the form of grant funds, feasibility differential funding, long term equity or long term interest free loans, tax incentives, regulatory exemptions and infrastructure support. From the states, they can demand capital subsidy, land price rebate, water and electricity rebate, among other things.

Leave a Reply

Your email address will not be published. Required fields are marked *