Mumbai, June 17 -- According to media reports, an inter-ministerial panel has granted in-principle approval to the partnership, with the final clearance expected from the Ministry of Electronics and Information Technology (MeitY) after completion of the required process.

The proposed venture is expected to focus on manufacturing smartphones and other electronic devices in India. Reports suggest Vivo's manufacturing facility in Noida could be brought under the joint venture structure, helping the company strengthen its local manufacturing presence.

The facility is likely to handle a portion of Vivo's smartphone production requirements in India and may also undertake contract manufacturing for other electronics brands.

The development co...