Minda Corporation will invest close to Rs2.70bn ($28.2m) to build a new manufacturing facility in Pune, Maharashtra, to produce thin film transistor (TFT) displays for automotive use, executive director Aakash Minda told CNBC.
The project has secured approval under the Indian government's Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors.
According to the report, it is designed to cut the company's reliance on imported displays while strengthening its manufacturing presence within India.
At the outset, the plant will concentrate on automotive displays for instrument clusters, infotainment systems and ******* pits.
Minda already produces clusters and other display-related components and intends to supply the displays made at the new facility to its own operations alongside external customers.
#clusters
The project has secured approval under the Indian government's Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors.
According to the report, it is designed to cut the company's reliance on imported displays while strengthening its manufacturing presence within India.
At the outset, the plant will concentrate on automotive displays for instrument clusters, infotainment systems and ******* pits.
Minda already produces clusters and other display-related components and intends to supply the displays made at the new facility to its own operations alongside external customers.
#clusters
3 months ago
