Govt likely to clear Dixon-Vivo JV deal this month
New Delhi: Government is likely to clear long pending Dixon-Vivo joint venture this month, which will reduce the risk exposure of the Chinese mobile company to India, sources aware of the development said.
The deal was signed between the two companies in December 2024 for a joint venture, in which Dixon Technologies will be the majority shareholder with a 51 per cent stake.
“An inter-ministerial panel has given in-principle approval to the deal. It will be cleared by Meity after due process,” a source told PTI.
