Dixon gets govt nod for JV with China’s HKC Overseas
New Delhi: Dixon Technologies has got approval from the Ministry of Electronics and IT (Meity) under the Press Note 3 to form a joint venture with Chinese firm HKC Overseas.
Dixon, country’s largest home-grown electronics contract manufacturer, formed the joint venture with HKC in August last year and was awaiting the nod under Press Note 3. Dixon Display Technologies Private Ltd (DDTPL), a wholly owned subsidiary of Dixon, will hold 74% stake in the joint venture while HKC will have the remaining 26% share. The joint venture will manufacture and sell display modules etc.
