The demand for displays in the Indian market is likely to increase to $6 billion by 2025.
The domestic display manufacturing industry is projected to grow at a CAGR of 29.5 percent due to the expected surge in local manufacturing of mobile phones, TVs and IT hardware products.
“We have excellent 50 per cent capital expenditure support based on the same level offered by Pari-Pasu (India Semiconductor Mission (ISM), further complemented by state governments, but we have not been able to break ground beyond display assembly,” said Pankaj Mohindroo, president of India Cellular N Electronics Association (ICEA).
Displays occupy a major 15-20 percent of the space in the bill of materials (BOM) in close proximity to other logic, memory, and other semiconductors.
Mohindru said, “This is a matter of great concern.”,
Despite being the world's third largest consumer of display products (accounting for 7 percent of global revenues), the country currently has negligible domestic production.
"This presents a unique opportunity for international companies that want to diversify their performance supply chains beyond a few geographies, thereby meeting domestic demand as well as exports from India," industry leaders said.
To have a strong display manufacturing ecosystem in the country, the AMOLED Research Center (ARC) has been set up at IIT-Madras, which aims to develop next generation AMOLED displays for smartphones, tablets, watches and wearables.
The National Center of Excellence is funded by MeitY, DRDO and Tata Sons.
At the 'SID Display Week' in the US last week, MeitY Secretary S Krishnan addressed the forum virtually and highlighted the financial support of 50 per cent capital expenditure on a matching basis by the government to set up display fabs in the country.Harit Doshi, Secretary, Society of Information Displays (SID) and CEO, Omnipal Technologies, talked about a favorable policy framework in India for international investors in the field of display manufacturing ecosystem.
Sai Mohindru said, “These targeted efforts are aimed at developing concrete investment opportunities to propel India to the forefront of display technology development."
The domestic display manufacturing industry is projected to grow at a CAGR of 29.5 percent due to the expected surge in local manufacturing of mobile phones, TVs and IT hardware products.
“We have excellent 50 per cent capital expenditure support based on the same level offered by Pari-Pasu (India Semiconductor Mission (ISM), further complemented by state governments, but we have not been able to break ground beyond display assembly,” said Pankaj Mohindroo, president of India Cellular N Electronics Association (ICEA).
Displays occupy a major 15-20 percent of the space in the bill of materials (BOM) in close proximity to other logic, memory, and other semiconductors.
Mohindru said, “This is a matter of great concern.”,
Despite being the world's third largest consumer of display products (accounting for 7 percent of global revenues), the country currently has negligible domestic production.
"This presents a unique opportunity for international companies that want to diversify their performance supply chains beyond a few geographies, thereby meeting domestic demand as well as exports from India," industry leaders said.
To have a strong display manufacturing ecosystem in the country, the AMOLED Research Center (ARC) has been set up at IIT-Madras, which aims to develop next generation AMOLED displays for smartphones, tablets, watches and wearables.
The National Center of Excellence is funded by MeitY, DRDO and Tata Sons.
At the 'SID Display Week' in the US last week, MeitY Secretary S Krishnan addressed the forum virtually and highlighted the financial support of 50 per cent capital expenditure on a matching basis by the government to set up display fabs in the country.Harit Doshi, Secretary, Society of Information Displays (SID) and CEO, Omnipal Technologies, talked about a favorable policy framework in India for international investors in the field of display manufacturing ecosystem.
Sai Mohindru said, “These targeted efforts are aimed at developing concrete investment opportunities to propel India to the forefront of display technology development."
