Incentive scheme in 6 months for setting up of fabless display units
By MYBRANDBOOK
Ajay Prakash Sawhney, IT secretary-ministry of electronics & Information Technology said, the government has received interest from top global and Indian players to set up a fabless display manufacturing plant in India and is likely to bring an incentive scheme for attracting 3-4 large such investments within the next six months, a top official said. “Both international and major Indian entities have come forward to express interest of various kinds and we are hopeful that we would be able to take this process forward.
“Based on what we get from the expressions of interest that we have received and the extensive discussions that we have had with all the major players in this space over the past three months...we will attempt to come out with a scheme or incentive structure based on which we will then invite proposals to set up such manufacturing within India. within the next six months,” Sawhney said.
While speaking at the launch of a joint report written by apex industry body India Cellular & Electronics Association (ICEA) and Grantwood Research on the subject ‘Creation of a Display Industry in India’.The secretary IT said that India has room for over 3-4 large investments in the display fab manufacturing area.
According to the report, the industry is estimating government’s support to the tune of $20 billion in the form of financial incentives to display makers and display supply chain companies who agree to make substantial investments under the private-public partnerships.
India should focus on two types of display fabs, namely, Gen 6 fabs for smartphone displays, and Gen 8.5 fabs for all other product categories. As per the report from IESA, there are a total 39 mass producing display fabs in the world, of which 24 are located in China, which will add 13 more in the next five years.
The overall demand for displays in India for 2020 was about 253 million units valued at $5.4 billion. Given the manufacturing plans for Mobile Phones, TV and IT hardware products, it is expected to grow at a healthy CAGR of 29.5% to 922 million units or $18.9 billion by 2025.
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