Sterlite Technologies to set up LCD manufacturing plant; invest Rs 40,000 crore

Via The Economic Times | Jul 02, 2015

Billionaire Anil Agarwal-led Sterlite Technologies today announced an investment
of Rs 40,000 crore to set up a LCD panel manufacturing plant in the country, ge
nerating about 50,000 jobs. The company, which makes optical fibres used in high
speed internet services, is also working on a project to connect defence establ
ishments through optical fibres in Jammu & Kashmir (J&K). "Sterlite Technologies
under the Digital India theme will also set up a LCD manufacturing plant in the
country with an investment of Rs 40,000 crore and which will generate about 50,
000 jobs," Agarwal, the head of mining giant Vedanta Resources Plc, said at the
inauguration of the Digital India week here. Industry would actively participate
in the drive as it has the potential to drive India ahead as a knowledge and ec
onomic power, he added. "Sterlite Technologies will play a responsible role in b
eing a part of Digital India. We are already working on a project in J&K to conn
ect the Defence establishment through optical fibres," Agarwal said.