Sterlite Technologies plans to set up an LCD (liquid crystal display) factory in Maharashtra at an investment of Rs 9,600 crore.

MIDC, the nodal agency for development of industry in the state, has offered 50 acre in the Shendre industrial estate near Aurangabad and at Chincholi near Solapur. However, Sterlite is yet to choose the final location for the plant.

Sterlite plans to also manufacture glass substrates at the plant and is likely to export a third of the products manufactured there.

In its proposal to the state government, Sterlite has sought assured continuous availability of piped natural gas at subsidised rates for 10 years and availability of up to 10 MW of power at subsidised rates. Besides, the company seeks fiscal benefits such as a tax holiday, relaxation in import duties for raw materials and other tax incentives. It also seeks special investment incentives such as capital expenditure/interest subsidy and single-window clearance for required approvals and incentives.

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Sterlite Energy’s Unit I of Jharsuguda plant by June 2011 (27-April-10)