Dixon Technologies (India) has entered into Term Sheet with Mega Alliance Holdings which is part of Tinno Group to form a Joint venture (JV). The proposed JV Company will undertake Research & Development, product designing, supply chain of multiple product categories like smart phones, IT Hardware products, IOT based products and other similar devices that facilitate voice and data communications for domestic and international market.
Post execution of mutually acceptable agreements by the parties and receipt of necessary government approvals, the JV Company will be 51% owned by Dixon & 49% owned by Mega Alliance. The manufacturing for smart phones for this JV will be done by Dixon’s 100% subsidiary Padget Electronics which is a beneficiary under the Mobile PLI scheme of the government.
Dixon Technologies (India) is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.
Company Name | CMP |
---|---|
Dixon Technologies | 7510.60 |
Honeywell Automation | 44244.95 |
MIRC Electronics | 20.46 |
Elin Electronics | 171.05 |
Safa Systems & Techn | 12.00 |
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