Dixon to Set Up USD 3 bn. Fabrication Unit in India

Dixon Technologies (India) Ltd. will be setting up a USD 3 billion (approximately Rs. 25,860 crore) display fabrication plant in India. During the company’s earnings call for its Q3 FY-25 financials, Mr. Atul Lall, Managing Director and Vice Chairman of Dixon Technologies said “We’re in active discussion with [a] global technology partner for setting up a world-class display fab…fab in mobiles, IT hardware’s and consumer electronics segment”.

Mr. Lall mentioned that India currently relies heavily on imports for displays, and the company’s foray into this segment targets to increase domestic production. He added that the approximate production at this new plant will be around 60,000 substrates per month. This upcoming display fabrication unit will cater to the existing customers of Dixon Technologies across its mobile, television, and notebook manufacturing segments.

Mr. Lall added that the company is awaiting rollout of policy guidelines under India Semiconductor Mission (ISM) 2.0 by the Indian Government to move the project forward. Mr. Lall said that the major part of the USD 3 billion CapEx for this project will be subsidized by the Indian Government.

Phase 1 of India Semiconductor Mission (ISM 1.0) was announced by the Union Government in December 2021 with a total outlay of Rs. 76,000 crore.