Who has announced plans to invest $3 billion to build India's first display manufacturing plant?

Today General Knowledge(GK)

Manu Exports

Rajesh Exports

Sundhar Exports

Maharshi Exports

Correct Answer : Option (B) - Rajesh Exports

Rajesh Exports, a gold retailer based in Bangalore, has announced plans to invest $3 billion to build India’s first display manufacturing plant. This is a major revolutionary investment as Display manufacturing Industry has traditionally been absent from India’s diverse electronics manufacturing industry. As the world steadily recovers from the chip shortage, countries all around the world are enacting measures to stimulate domestic semiconductor manufacturing investment.

Telangana IT Minister K T Rama Rao along with Chairman of Rajesh Exports Rajesh Mehta announced setting up of Generation 6 AMOLED Display FAB, an official release said here on Sunday(12th June 2022).

* Telangana’s government has declared that a business called Rajesh Exports will build India’s first display manufacturing plant in the state. They have put around $3 billion on this.

* The facility will be set up by Elest, a business that makes screens for cellphones and electric vehicles.

* Many programmes, such as the PLI plan, have been created by the Indian government to encourage enterprises to produce domestically in India.

* Telangana has positioned India as a global leader in advanced high-tech manufacturing.

* The things that was previously only possible in Japan, Korea, and Taiwan will now be possible in Telangana, to build a large-scale ecosystem of partners and ancillaries capable of supplying world-class television, smartphone, and tablet manufacturers.

Telangana IT Minister K T Rama Rao tweeted : "Historic day for Telangana. Rajesh Exports (Elest), a Fortune-500 company, to setup India's first Display FAB to manufacture the most advanced AMOLED displays, with an investment of Rs 24,000 crore, making it one of the largest investments in high-tech manufacturing sector in India."..

Source : Business Standard

Published On : June 15, 2022

Category : Business and Economics

Recent General Knowledge Questions

Q .

Who has been named the regional winner for the Middle East and North Africa (MENA) region at the prestigious 2024 Cambridge Dedicated Teacher Awards?

Gina Justus

Chris Como

Sean Foley

Cameron Mccormick

Correct Answer : Gina Justus

Gina Justus, a teacher at Our Own English High School, Sharjah Girls’ Branch, has been named the regional winner for the Middle East and North Africa (MENA) in the 2024 Cambridge Dedicated Teacher Awards.

Justus, originally from Thiruvananthapuram, Kerala, has been working in the UAE since 2005 and was recognised for her outstanding mentorship and dedication to charity.This year’s competition saw a record-breaking number of nominations, with over 14,840 submissions from 141 countries.

The Cambridge Dedicated Teacher Awards is a global competition that honors exceptional primary and secondary school teachers. Students, parents, and peers can nominate teachers who have made a significant impact on their educational journey.

In its sixth year, the competition emphasizes the crucial role teachers serve in molding the lives of their students and equipping them for the global stage.The public will now vote to determine the overall winner of the 2024 Cambridge Dedicated Teacher Awards, which will be announced on May 29th, 2024..

Source : AIR

Published On : April 29, 2024

Category : Awards

Q .

NIPFP Forecasts India’s FY25 GDP Growth at____.

5.8%

6.3%

6.7%

7.1%

Correct Answer : 7.1%

The National Institute of Public Finance and Policy (NIPFP) predicts India’s GDP growth for the fiscal year 2024-25 to be 7.1%. Utilizing high-frequency models, NIPFP underscores the government’s fiscal consolidation efforts, emphasizing tax buoyancy and compression of revenue expenditure.

States’ Capex Growth :

In the fiscal year 2023-24, states witness robust capital expenditure (capex) growth, attributed to substantial transfers from the central government. This highlights the effective utilization of resources at the state level, contributing to economic expansion.

Divergent Projections :

While NIPFP’s forecast stands at 7.1%, other entities such as the Asian Development Bank (ADB) and Fitch Ratings estimate a growth rate of 7%. In contrast, the International Monetary Fund (IMF), S&P Global Ratings, and Morgan Stanley project a slightly lower growth rate of 6.8% for FY25, indicating varying perspectives on India’s economic trajectory.

IMF’s Appreciation of India’s Fiscal Discipline :

The International Monetary Fund (IMF) commends India for maintaining fiscal discipline, particularly noteworthy in an election year. Emphasizing the significance of sound macro fundamentals, IMF’s Director for Asia and Pacific Department, Krishna Srinivasan, lauds India’s steady economic performance, projecting growth at 6.8% for 2024-25, driven by private consumption and public investment.

Published On : April 27, 2024

Category : Indian Economy

Q .

Where is the Archery World Cup 2024 being organized?

China

India

Malaysia

South Korea

Correct Answer : China

The Archery World Cup 2024 has begun 23rd April 2024 in Shanghai, China. India’s Jyothi Surekha Vennam finished second in the women’s compound qualification round at Stage I.

The 27-year-old Asian Games gold medallist shot a score of 711 to finish behind Andrea Becerra of Mexico, who had a score of 713.

Meanwhile, the reigning world champion from India, Aditi Swami, finished eighth in the qualification round with a score of 704. The other two Indians, Parneet Kaur (703) and Avneet Kaur (696) finished 14th and 23rd, respectively.

The Indian women’s team, comprising top three scorers Vennam, Swami, and Parneet, finished as the best team in the qualification round with a total score of 2118. The Indian women’s team will, thus, start as the top seeds in the competition, ahead of South Korea (2117) and Mexico (2116). The teams are ranked by adding the individual scores of the top three archers from the country.

In the men’s compound qualification round, no Indian finished in the top 10 of the individual event..

Source : AIR