Telangana inks MoU with KDX & Aries EPICA
Telangana Government signed an MoU with China-based KDX and Dubai-based Aries EPICA Electronics to manufacture glass-free 3-D screens, mobiles, televisions and electronic home appliances in the state on Friday.
Teams from both the companies met IT Minister KT Rama Rao and explained him about their joint venture investment and expansion plans in Telangana, an official statement said.
"KT Rama Rao welcomed KDX-EPICA to the state and assured all possible support to realise the investment plans in the shortest possible time. The minister also explained to them that the government has given all permission with a single window system to around 1,700 industries till now," it said.
According to the MoU, KDX along with Aries EPICA has agreed to establish its manufacturing facility in the state and the JV partners will manufacture 3D glasses-related consumer and non-consumer electronics products including tablets, mobile phones and display units.
The government has agreed to assist KDX–Aries EPICA JV in establishing their manufacturing operations in the state.