New Delhi, June 30 -- 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...