(Yicai Global) June 24 --  Tianma Microelectronics, a Chinese display maker, and its unit will set  up a new subsidiary in India to meet rapidly growing demand in the South  Asian country. 

Tianma will invest around  USD74,000 to establish Tianma Microelectronics India in order to help  the parent improve its competitiveness in the regional market, the  Shenzhen-based firm said in a statement yesterday.

Founded in 1983, Tianma  has production bases in Shenzhen, Shanghai, Chengdu, Wuhan and Xiamen as  well as Japan. Its Wuhan plant started delivering a new generation of  low-temperature polycrystalline silicon screens, a type of  faster liquid-crystal displays, last June. The firm has marketing and  technical centers in the US, Germany, Japan and South Korea.

Editor: Emmi Laine