New Delhi, March 11 -- Dixon Technologies (India) Ltd has received long-awaited government approval for its joint venture with Hong Kong-based HKC Corp., a partnership first announced in June 2024. The joint venture will manufacture LCD and TFT-LCD display modules for smartphones, televisions, laptops, and automotive displays, removing a key regulatory hurdle that had delayed the project.

Beyond providing incremental growth, the venture marks an important step in Dixon's effort to move up the electronics manufacturing value chain. The company operates as an electronics manufacturing services (EMS) assembler, a business that typically runs on thin margins due to low value added. Dixon's Ebitda margin for the nine months ended December (9M...