According to India Times, the Indian Institute of Technology in Madras is seeking government funding to start a project to develop low-cost OLED production processes. The IIT estimate the project at Rs500 million (about $78 million).
The researchers at the IIT are looking at two technologies: a new patterning technology, and a silicon based substrate that will enable to integrate the backplane into the substrate and so lower costs.
It is estimated that if this project is successful (which will take a few years, of course), an OLED mass production fab based on these technologies will cost around $150 million to construct. Currently there isn't a single display maker in India, and the hope here is to establish a successful display industry in India in the future.
