ANI
30 Jun 2026, 21:01 GMT+10
New Delhi [India], June 30 (ANI): The proposed joint venture between Dixon Technologies and Chinese smartphone major Vivo is in the final stages of clearance, government sources said on Tuesday.
'Government is in the final stages of issuing an approval letter for the Dixon-Vivo JV,' a source said, adding that the 'JV is inching closer to the final nod.'
The joint venture was cleared by an inter-ministerial panel earlier this month, the sources said.
For Dixon, mobile and electronics manufacturing services is already the core growth engine. For FY26, Dixon Technologies reported revenue of Rs 48,873 crore, with its mobile phone and electronics manufacturing services (EMS) business accounting for Rs 44,257 crore, highlighting the segment's importance to the company's overall operations.
The tie-up advances the Centre's push for deeper localisation and supply-chain resilience in electronics. By aligning Vivo's brand and market share with Dixon's PLI-backed manufacturing scale, the JV is expected to boost domestic value addition and create capacity for third-party OEM work.
With the inter-ministerial panel's clearance already in place, the final approval letter is seen as the last procedural step before the JV is formally notified. Once approved, integration of the Noida facility and production ramp-up for both Vivo's portfolio and external clients could begin in phases, strengthening India's position as a global electronics manufacturing hub.
On Tuesday, shares of Dixon Technologies closed nearly one per cent higher at Rs 11,911 on the National Stock Exchange. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationDUBLIN, Ireland: On June 30, government coalition leaders are meeting to discuss extending some petrol and diesel tax cuts beyond July...
CAIRO, Egypt: British lawyer Karim Khan said in an interview with Al Arabiya TV that his suspension as chief prosecutor of the International...
SYDNEY, Australia: Australia plans to strengthen enforcement of its landmark social media ban for children by doubling the maximum...
WASHINGTON D.C.: President Donald Trump has threatened to impose a 100 percent tariff on imports from any country that introduces a...
DUBAI, U.A.E.: A tanker was hit by a projectile in the Strait of Hormuz on June 27, Britain's maritime security agency said. This happened...
JAKARTA, Indonesia: Social media platforms TikTok and YouTube have shut down about 4.7 million accounts belonging to children under...
(Photo credit: Jesse Johnson-Imagn Images) The Minnesota Twins were dealt a pair of roster blows before the opener of their three-game...
(Photo credit: Sam Navarro-Imagn Images) The Cincinnati Reds intend to activate closer Emilio Pagan from the injured list on Tuesday,...
(Photo credit: Patrick Gorski-Imagn Images) Seiya Suzuki's two-out RBI single in the bottom of the ninth inning Monday night lifted...
(Photo credit: Michael McLoone-Imagn Images) Joey Ortiz hit a tie-breaking two-run homer in the eighth inning as the Milwaukee Brewers...
(Photo credit: D. Ross Cameron-Imagn Images) Two teams who have struggled throughout June will try to change their trajectory when...
(Photo credit: David Banks-Imagn Images) Left-hander Drew Pomeranz has returned to the Chicago Cubs on a minor league deal two weeks...
