The success of China and Vietnam in concentrations on its territory of contract production of electronics does not give rest to the acting authorities of India, since the localization of the profile business could contribute to the development of the local market. Another step in this direction can be to stimulate the local production of LCD panels, which will be spent to $ 20 billion.
The new initiative of the Indian authorities told the DigiTimes resource with reference to the statements by the representative of the Ministry of Electronics and Information Technologies of India, made at one of the thematic conferences. India is ready to support up to three-four construction projects on the territory of the country of enterprises producing LCD panels of various purposes. For these needs, a total of $ 20 billion will be allocated, the memorandums of mutual understanding with local and foreign manufacturers have already been signed.
It is assumed that the production lines of 6G generation lines will be erected to release displays for mobile devices, as well as 8.5g generation lines for displays used in other areas. According to the ICEA Indian Association, in 2020, the capacity of the LCD market in the country reached $ 5.4 billion, and by 2025 it will increase to $ 18.9 billion. In anticipation of such dynamics, it makes sense to invest in the development of local production and the country’s authority It was realized.