The Indian government approved a joint venture between Dixon Technologies and Chinese manufacturer Vivo under Press Note 3 regulations. This rule requires formal clearance for investments from countries sharing a land border with India.
Dixon Technologies will hold a controlling 51% stake in the new entity. Vivo Mobile India will own the remaining 49% of the partnership.
The venture will initially manufacture Vivo smartphones for the Indian market. The agreement allows the entity to produce electronic devices for other brands in the future.
The partnership is expected to add 20 million to 22 million smartphone units to Dixon’s annual production capacity. This development supports the 'Make in India' initiative to expand the domestic electronics manufacturing ecosystem.