CURRENT AFFAIRS

Detailed explanation-1: -Recently Telangana Government has signed an MoU with Bengaluru based Elest to set up India’s first Display Fabrication Unit in Hyderabad. This display fabrication unit will be set up with an investment of Rs 24,000 crore.

Detailed explanation-2: -Founded in 1960 by John Bissell to market the diverse craft traditions of India, Fabindia started out as a company exporting home furnishings. The first Fabindia retail store was opened in Greater Kailash, New Delhi fifteen years later.

Detailed explanation-3: -“The Display FAB will attract some of finest global talents in next generation technology and generate direct employment to more than 3,000 people, including scientists and advanced technology professionals. It will create a much larger ecosystem of partners, ancillaries, and suppliers.

Detailed explanation-4: -However, a display fabrication plant manufacturers screens through a complex method that includes sandwiching pieces of glass with transistor cells and also uses metal alloys and silicon. However, such a plant needs a minimum startup investment of more than $2-3 billion.

Detailed explanation-5: -The scheme is a part of comprehensive program for development of sustainable semiconductor and display ecosystem in India. It was launched with the aim of providing financial support to companies investing in semiconductors, design ecosystem and display manufacturing.