Hyderabad, April 15 (IANS) China-based KangDe Xin Composite Material Company is joining hands with 2D/3D animation company Aries EPICA to set up an electronics manufacturing facility in Telangana.
The facility will manufacture 3D related consumer and non-consumer electronics products.
A memorandum of understanding (MoU) in this regard was signed on Friday by the officials of the joint venture and Telangana government in the presence of state’s Information Technology minister K.T. Rama Rao
KangDe Xin (KDX) has successfully developed the most advanced glasses-free 3D cell phone, notebook displays and TV in the world, tweeted Rama Rao, who is also son of Chief Minister K. Chandrasekhar Rao.
KDX is a publicly listed company in China with over $1.2 billon revenue in 2015 and over $10 billion market value as of today, the minister said.
Aries EPICA defines itself as a full-service 2D/3D animation and visual effects studio with offices in India, USA, UK and UAE.
At the launch of state’s IT and electronics policies on April 4, the state government had announced that UAE-based Aries Group will launch the world’s first glasses free mobiles, tablets and televisions under the name of EPICA to revolutionise the electronics visual and consumer electronics industry in Telangana.