Dixon, Signify join hands to launch Lightanium Technologies in 50:50 JV amid govt scrutiny of Chinese partnerships

Dixon Technologies (India) Ltd has partnered with Signify Innovations to launch a 50:50 lighting JV, Lightanium Technologies, as part of a broader realignment of its lighting operations, even as its recent tie-ups with Chinese component makers face regulatory scrutiny.

On Thursday, Dixon Technologies announced that it has entered into a binding term sheet and subsequently executed a joint venture agreement (JVA) with Signify Innovations India Limited to form a 50:50 joint venture company. The new JV company will be called Lightanium Technologies Private Limited and it will carry on the OEM business of lighting products and accessories.