The Telangana government, on Sunday, signed an MoU with Bengaluru-based Elest for setting up India’s first display fabrication unit in Hyderabad with an investment of ₹24,000 crore.
Elest was promoted by Rajesh Exports, a Global Fortune 500 company that manufactured ultra modern displays for smart TVs and mobile phones.
The MoU was signed by chairman of Rajesh Exports Rajesh Mehta and IT Principal Secretary Jayesh Ranjan in the presence of Industries Minister K.T. Rama Rao in Bengaluru.