NEW DELHI : Jeweller Rajesh Exports has agreed to invest $3 billion in India's southern Telangana state to set up the country's first electronic-display plant, the state government said late on Sunday.
"What was hitherto possible only in Japan, Korea and Taiwan, will now happen in Telangana," the creation of a large-scale ecosystem of partners and ancillaries supplying world-class television, smartphone and tablet makers, Telangana Industries Minister KT Rama Rao said, announcing the investment. Industry body ICEA estimates demand in India for displays will be nearly $60 billion between 2021 and 2025.