Information Technology Electronics and Communications (ITE&C) Department, Government of Telangana, has signed an MoU with Kangde Xin Composite Material Co., LTD (known as KDX) and the “Aries EPICA Electronics LLC” to manufacture glasses free 3D screens, mobiles, televisions and electronic home appliances in Telangana.
A team of both companies met Minister for IT, Panchayat Raj and MA&UD K T Rama Rao today at his residence in Begumpet. The team explained about their joint venture investment and expansion plans in Telangana and apprised him about the company portfolio ranging from manufacturing electronic devices to content production for the entertainment industry.
KTR welcomed the KDX- EPICA to the State and assured all possible help to realize the investment plans in the shortest possible time. The minister also told them that TRS government has given all permissions with a single window system to some 1,700 industries till now. He also informed them about the best infrastructure and existing eco system which will help the electronics and entertainment giant to grow bigger and faster as Telangana government will come up with its prestigious gaming city. Biao Zhang, KDX group vice-chairman for 3D displays presented the companies glasses free 3D screen mobile phone to the minister and showcased their unique technology features.
Recognizing the inherent advantages of Telangana, including the availability of Skilled Manpower/Talent Pool, presence of a vibrant Technology ecosystem, ease of doing business, state of the art office space availability at various Electronic Manufacturing Clusters and IT Parks/IT SEZs, at competitive prices, Attractive Incentives and Subsidies offered by the State Government within the context of the Electronic Hardware (ESDM) Policy and Policy for Mobile Manufacturers, the Participants seek to take this relationship to the new level for the benefit of all the participants.
According ot the MOU signed the partners will work in the following areas: KDX along with Aries EPICA has agreed establish its Manufacturing facility in the State of Telangana. The JV Partners KDX –ARIES EPICA will manufacture Glasses 3D related consumer & non-consumer electronics products including Tablets, Mobile phones and Display units. The Government of Telangana has agreed to assist KDX–Aries EPICA JV in establishing their Manufacturing operations in the State. KDX–Aries EPICA will employ Talent Pool available in the State of Telangana. State Government will extend all incentives, subsidies to the KDX –Aries EPICA as per the Electronic Hardware Policy and Policy for Mobile Manufacturers, whereever applicable.(NSS)