Mega LCD display panel manufacturing plant in India by Sterlite

LCD display panel is major component in Television/monitors, notebooks and a small screen size tablets and smart phones. The Indian total market opportunity for Flat/LCD display panels can be estimated in the range of 20-30 billion US$ (including LCD panel value inside all the imported electronics devices). Despite the big market opportunity, there is no LCD panel manufacturer in India who can supply LCD panels to TVs and smart phones. The reason is not only investment but the complex manufacturing technology, where the precision of manufacturing is equivalent to semiconductor IC manufacturing. Government of India is pushing hard to attract investment in this area with most of the sops offered to semiconductor manufacturing extended to LCD panels too. As part of Digital India movement, a leading fiber-optic manufacturer Sterlite announces investment of 40,000 crore Rupees (close to 6.3 Billion US$) in establishing a LCD display panel manufacturing plant in India. It’s a laudable daring decision. To get an idea on how big is Indian LCD display panel market, lets look at some of the latest market figures on the Indian TV, computers and mobile devices market, which consumes maximum number of display panels. India buys approx 40-50 million TVs a year. India's PC market is 10 million units a year. And finally the most important smart-mobile device market can be estima...