18 months on, Dixon gets govt nod for JV with China's Vivo
New Delhi, July 9 -- By Shouvik Das
shouvik.das@livemint.com
New Delhi: Eighteen months after it was first announced, Dixon Technologies' joint venture with China's Vivo Mobiles has finally got government nod, removing a key hurdle for a partnership expected to drive the company's next phase of smartphone manufacturing growth.
In an exchange filing late on Thursday, the Noida-headquartered electronics manufacturer said Vivo Mobiles India (VMI) got the government's approval through an 8 July letter from the department of promotion of industry and internal trade (DPIIT) "for incorporation of the JV Co and subscription of shares of JV Co by VMI."
On 15 December 2024, Dixon had first announced a joint venture agreement with Vivo to assemb...
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