In News: Recently, the Ministry of Electronics and IT (MeitY) has invited expressions of interest by companies who wish to set up a display fabrication unit in India.
Companies and consortium to set up fabrication, or FAB
Eligibility Criteria
Technology
- An applicant must possess relevant IP and technology for setting up and operating a Display FAB.
- In case of a consortium / joint venture, this criterion may be satisfied by one or more partner companies.
Operational Experience
- An applicant should have at least five (5) years of experience in running a commercial Display FAB facility.
- In case of a consortium / joint venture, this criterion may be satisfied by one or more partner companies.
Submission of Expression of Interest (EoI) proposal
The EoI proposal may be submitted in the form of a Preliminary Project Report (PPR) detailing out the following:
- Proposed Location
- Land, Water and Power requirement
- Technology Specifications: Proposed process technology(ies) like LCD / OLED / AMOLED / QLED, Generation of the proposed Display FAB.
- Operational Details: Proposed Panel manufacturing capacity/month, ramp-up timeline, and management structure.
- Financial Details: Proposed investment, sources of funding and ownership structure; projected P&L Statement, and key financial indicators (IRR, ROI, ROCE, EBIDTA and NPV with and without expected government support).
- Support desired from the Government of India: Grant-in-Aid (GIA), Viability Gap Funding (VGF) in the form of Equity and / or Long-Term Interest Free Loan (LIFL), tax incentives, infrastructure support, requirement of regulatory waivers etc.
- Support desired from the State Government: Capital subsidy support, extent, value, and nature of land; availability and cost of provisioning water; and power tariff.
- Human Resources: Requirement of trained manpower and feasibility / potential modalities / support for development of talent leveraging Indian Universities.
- Capital Goods: Requirement of New / Refurbished Capital Goods (Plant, Machinery, Utilities, etc.)
- Raw Material: Details regarding sourcing of Raw Materials with a road map for developing the raw material manufacturing ecosystem in India.
- R&D Support: Desired support for R&D and proposed mechanisms; Possible Indian R&D Counterpart or prospective agencies / organizations for research (if any).
- Market Feasibility: Availability of market for Display FAB output, proposal for keeping the display fab loaded to work at optimum capacity to serve the market.
In case of a consortium of partners
- Details need to be provided for each partner.
- An entity which owns the technology (process and product being proposed) can be termed as the Principal Technology Partner in such a consortium.
Source: Indian Express and meity.gov.in
