Dixon-Vivo JV nears final approval: Sources
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 to the company's overall operations.
The tie-up advances the Centre's push for deeper localisation and supply-chain resilience in electronics. By aligning Vivo's brand and market share with Dixon's PLI-backed manufacturing scale, the JV is expected to boost domestic value addition and create capacity for third-party OEM work.
With the inter-ministerial panel's clearance already in place, the final approval letter is seen as the last procedural step before the JV is formally notified. Once approved, integration of the Noida facility and production ramp-up for both Vivo's portfolio and external clients could begin in phases, strengthening India's position as a global electronics manufacturing hub.
On Tuesday, shares of Dixon Technologies closed nearly one per cent higher at Rs 11,911 on the National Stock Exchange.
— ANI
Reader Comments
I'm cautiously optimistic. While this is good for Make in India, we need to ensure that Vivo isn't just using this to bypass regulations. The government should closely monitor the actual value addition and not just the headline numbers. Transparency is key.
This is exactly the kind of partnership India needs. Dixon's manufacturing expertise + Vivo's global brand = a win-win for electronics ecosystem. Plus, the share price bump shows market confidence. Let's hope this creates more opportunities for local component suppliers too!
I'm happy for the jobs it will create, but why does the government take so long for approvals? The inter-ministerial panel cleared it earlier this month and it's still 'inching closer.' We need to improve ease of doing business if we want to become a global manufacturing hub.
Good news for Dixon shareholders! But I hope this JV doesn't become another case where foreign companies benefit more than Indian ones. The government should ensure that technology transfer and local R&D are part of the deal. Otherwise, it's just contract manufacturing with a fancy name.
Finally some concrete progress on the electronics manufacturing front! With Dixon's PLI-backed scale and Vivo's market presence, this could be a game-changer for mobile manufacturing in India. Just hope the workers get fair wages and good working conditions. Worker welfare should be part of the deal too.
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