Exclusive: AET Display Says Will Invest Rs 350 Crore In India In Five Years

- Advertisement -

Headquartered in China, the company believes that the Indian market for LED Displays will grow better than in its home country five years from now. Part of Guangda Group, it also plans to support other OEMs via its subsidiaries here

AET Displays India plans to invest Rs 40 crore in India next year. Su Piow Ko, Vice President of AET Displays, in an exclusive conversation with Electronics B2B, shared that the amount will be invested in expanding its assembly, manufacturing, and warehousing capabilities in the country.

He added, “We will also invest about Rs 80 crore every year, for the next five years, in India starting 2025. This will be done to move from assembly to manufacturing slowly and gradually.”

With a client portfolio that includes Reliance, Adani, BQ Prime, and more such prestigious names (on the B2C front), the company sees the “Digital India” policy as a major driver of LED displays in the country. According to a report by IndustryArc, the display market size in the country is forecast to reach $18.64 billion by 2027, at a CAGR of 11.7% during 2022-2027. Significant adoption of signage and interactive displays by various industry verticals, including healthcare, education, sports and entertainment for the purpose of branding, advertisement and broadcasting, has influenced the Indian Display market positively.

- Advertisement -

Equipment As Primary Investment

Operating a warehouse and an assembling facility in Chennai, India, the company’s primary investment will be sourcing the equipment required to transition from assembly to manufacturing. Prashant Srivastav, part of the Global AET Display team, noted that the work for disassembling the current facility and transitioning to a bigger facility in Chennai is already in progress.

“We also wish to set up an R&D base catering to the Indian market here. Trenches from the investment will go towards realising that goal,” Ko added. The company is also looking to set up warehouses pan India.

Ko highlighted, “Starting next year, we will begin with simple mechanical designs in India. We will also try to source those mechanical parts from the country.” According to Ko, the R&D centre will also house a software wing that will help the company tap India’s strength for its line of products.

“If regulations allow us to import to countries like the USA, we will certainly do it from here. I also think that the market growth in India will be almost similar to China. It actually might be better during the next five years,” he explained.

AET Display is positive that the local market will consume 80% of the total produced by its facility in India. The remaining 20% will be imported to nations neighbouring India.

Last fiscal, which was its first on-ground year for operations, the company claimed it clocked revenue of Rs 40 crore. Ko noted that AET Displays will cock revenue of 120 crore from India this year.

Subsidiaries And Other OEMs

Globally, the company reported revenue of about $250 million during the last fiscal. AET Display’s parent company, GD Guangda Group, is involved in various activities, including the production of chips, LED modules, and more.

Ko explained,”Our parent company is working with Tesla and many more automotive players in the realm of third-generation semiconductors. Third-generation semiconductors are ramping up. We want this technology to mature in China before starting in India.”

In China, AET Display has different subsidiaries for designing IC drivers, casing for displays, and more. For instance, Coretech MicroLED Displays Limited is a wholly-owned subsidiary of AET Displays, allowing all customers to use the facilities to manufacture LED displays.  The production facilities have a total area of 24000 square meters in one of the Guangda high tech industry parks called Liaobu Smart Valley Industrial Park (LSV).

“We do support other OEMs, and as our technology advances, we will start supporting more OEMs,” Ko said. A few players in India also source LED Display modules from AET Display. At the same time, the AET team shared the names of these companies with us but requested us not to reveal the same as there are “NDAs” in place.

Ko added, “Also in focus will be expanding the sales and service channel which will be supported by warehouses across major locations in India.”

- Advertisement -

Most Popular Articles

Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

US Startup Eagle Electronics Raises $14M, Eyes Manufacturing Expansion

0
Securing $14 million in state funding, Ohio electronics manufacturing startup Eagle Electronics eyes on boosting its Solon facility, incorporating advanced tech and partnerships to...
Representation Image

India’s Electronics Component Makers Urging For Dedicated PLI Scheme In Budget 25

0
The proposed Production-Linked Incentive (PLI) scheme for electronic components could address critical gaps in the domestic manufacturing ecosystem and reduce reliance on imports. Electronics component...
Clone Alpha Robots

Robotics Startup Clone Unleashes Full Humanoid Robot ‘Clone Alpha’

0
Instead of relying on conventional robotic components, Clone Robotics has crafted synthetic versions of human organ systems. Three years after showcasing a remarkable water-powered robotic...

VSMC Starts Construction Of $7.8B Fab In Singapore

0
Set to produce 55,000 wafers monthly by 2029, VIS and NXP's joint venture VSMC’s $7.8 billion semiconductor facility in Singapore breaks ground. VisionPower Semiconductor...
Representation Image

Dr. S Jaishankar Announces India-Japan Semiconductor Partnerships

0
The minister underscored the strategic importance of the emerging semiconductor collaboration among India, Japan, and Taiwan. At the 2nd India-Japan Forum in July 2023, External...

“SEMI Is Actively Working With Indian Universities, Institutions To Create India’s Semiconductor Academy” –...

0
India’s semiconductor industry is expected to face a significant talent shortfall, with a projected shortage of 250,000 to 300,000 professionals by 2027. In an...
Alex P. James From Digital University Kerala

“We Have Removed Traditional Classroom-Based Teaching And Transitioned To Experiential Learning” – Alex P....

0
For India to become a design powerhouse, it must focus on developing Indian-owned companies that can sell their IPs and products globally, not just...
Prassann Daphal, CEO, Evergreen Recyclekaro India

“Our Patented Method Now Extracts Lithium Carbonate At Over 90% Efficiency And 99% Purity...

0
In a conversation with EFY’s Nitisha Dubey, Prassann Daphal of Evergreen Recyclekaro India Private Limited highlights how plasma furnace technology transforms complex materials into...

Build Future-Ready Semiconductor Titans For India’s High-Tech Ascent To Global Semiconductor Leadership

0
Steve Sanghi of Microchip Technology speaks with Dr Satya Gupta from VLSI Society of India, sharing his insights into the future of chip technology...
Andy C Mackie, Principal Engineer - Advanced Materials, Indium Corporation

“Our Multi-Alloy System Enables Solder Joints To Form At Lower Processing Temperatures Without Sacrificing...

0
Liquid metal-based thermal solutions offer efficient cooling but face challenges like spillage and reliable thermal resistance in ultra-thin layers. Akanksha Sondhi Gaur and Nijhum...

US Startup Eagle Electronics Raises $14M, Eyes Manufacturing Expansion

0
Securing $14 million in state funding, Ohio electronics manufacturing startup Eagle Electronics eyes on boosting its Solon facility, incorporating advanced tech and partnerships to...
Alex P. James From Digital University Kerala

“We Have Removed Traditional Classroom-Based Teaching And Transitioned To Experiential Learning” – Alex P....

0
For India to become a design powerhouse, it must focus on developing Indian-owned companies that can sell their IPs and products globally, not just...

InsideFPV Drone Technology For Agriculture, Defence, And Accessible Consumer Solutions

0
InsideFPV Private Limited, a deep-tech drone company, was founded in July 2020 amid the Galwan Valley conflict between India and China. Founded by Arth Chowdhary,...
XP300

Precision PCB Assembly With Xaltan Systems’ Made-In-India Tech

0
As of 2024, this startup is recognised for its innovative desktop pick-and-place machine, transforming electronic prototyping and small-scale manufacturing. Efficiency, accuracy, and adaptability are the...

Canebot: A Robotic Vending Machine Serving Fresh Sugarcane Juice

0
Pune’s Canectar Foods Private Limited has introduced Canebot, a robotic vending machine designed to dispense fresh sugarcane juice. Founded in 2018 by Milind Datar and...

Industry's Buzz

Learn From Leaders

Startups