India-based Rajesh progressed with its proposed $3 billion AMOLED fab, signs MOU with local government

Last month we reported that India-based gold-trading company Rajesh Exports has proposed to build a $3 billion 6-Gen AMOLED fab in India. It is now reported that the project is progressing, and Rajesh has signed an MOU with the local government of Telangana, a state in southern India.

Rajesh Exports established a subsidiary called Elest for this project. The plan is to build a 6-Gen AMOLED fab and produce displays for smartphones, tablets and laptops.

This is an ambitious project, as it will require the creation of a local supply chain for materials, knowledge, talent and more. This is the first such display fab to be built in India (and the first one out of China, Korea, Japan and Taiwan).