Anil Agarwal’s $10 billion LCD plant to start production in 2018 – Feedback

Vedanta Group’s USD 10-billion LCD screen plant, which is billed as the country’s first, will start production in 2018, Chairman Anil Agarwal has said. “Panel FAB is expected to begin by 2018 with full production over the next 10 years subject to external environment,” Agarwal told PTI in an interview.

This will be the largest investment made in setting up of an electronics plant in India. It will be operated by Twinstar Display Technologies and will not fall under any of the Vedanta group companies’ current business ambit.Twinstar Display Technologies and will not fall under any of the Vedanta group companies’ current business ambit. “The proposed LCD manufacturing unit, the first of its kind in India, will be operated by Twinstar Display Technologies. It is promoted by Volcan Investments Ltd, whose other investments include Vedanta Resources and Sterlite Technologies,” he said.

http://www.moneycontrol.com/news/business/anil-agarwals-3610-bn-lcd-plant-to-start-production2018_5957501.html

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