Anil Agarwal owned Twinstar Display Technologies on Saturday signed an agreement with Maharashtra government to set up an LCD manufacturing unit, also known as Panel FAB, at an investment of $10 billion over five phases.
The deal was signed at the inaugural day of Make in Indiaweek in the presence of Prime Minister Narendra Modi. The Maharashtra government also signed investment MoUs with Raymond, Coca Cola and Jain Irrigation. “We have made good of the promise we made to the nation during the Digital India Summit in July 2015. We are happy to participate in two of the government’s key initiatives – Make in India campaign as well as Net Zero Electronics import by 2020. We will endeavour to make India a significant export hub of display units with the setting up of Panel FAB,” said Anil Agarwal, chairman, Vedanta Group.