Published On:April 25 2024
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Sharp of Japan Announces Plans for Multibillion-Dollar Display Manufacturing Facility in India

Japanese tech giant Sharp Corporation is considering a major investment in India by setting up a display fabrication unit, potentially the largest outside its home country. The company has approached the Ministry of Electronics and IT with the proposal to establish a Gen10+ facility for the production of high-end displays used in various devices, such as televisions, monitors, and video conferencing equipment.

The anticipated investment, as estimated by market analysts, ranges from $3 billion to $6 billion, with a land requirement of approximately 1,000 acres. The Gen10+ facility would utilize large glass substrates, measuring 2,940 x 3,370 mm, to manufacture displays that could be used across different devices, except mobile phones. The high capital cost of these facilities reflects the significant investment required for such a project.

Currently, India does not have any display fab units and relies on imports to meet its needs. By setting up a local manufacturing facility, Sharp aims to boost domestic production and reduce dependency on imports. This initiative aligns with the India Semiconductor Mission's objectives to promote local manufacturing through technology and state collaborations.

The growing preference for larger screen televisions drives the need for such a facility. TV sizes are increasing by 1 to 1.5 inches per year on average, with demand for 65-inch or larger screens, known as Gen10+ flat panel displays (FPDs), on the rise.

A source within the Ministry of Electronics and IT told businessline that "Sharp plans a multi-billion display fab in India, and is seeking partnerships and land. Some 1,000 acres is under discussion." The source also mentioned that this facility could potentially be one of the largest manufacturing units for Sharp outside of Japan and would be leveraged for exports in the coming years.

However, the detailed proposal is yet to be submitted, and security clearances will be required before final approval. Meetings between Sharp representatives and senior government officials indicate that the company is exploring opportunities in various Indian states, with a focus on forming local partnerships.

Separately, regarding the proposed high-speed internet broadband service Starlink from SpaceX, security clearances are pending. Although the Department of Telecom has granted in-principle approval for the project based on its commercial aspects, additional clearances are required due to associated security issues. Starlink would compete with other satellite broadband services like Eutelsat OneWeb's subsidiary OneWeb India, backed by Bharti Group, and Reliance's Jio Satellite Communications, as well as with a global joint venture with SES.

HBL





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