Dixon, Bharti Enterprises form JV for manufacturing telecom products

Post execution of mutually acceptable agreements by the parties, the JV company will be 74% owned by Dixon and 26% by Bharti Enterprises

PTI
First Published7 Apr 2021
The said JV company will file necessary applications with the Ministry of Communications or any other nodal agency to avail benefits under the PLI Scheme of government of India.
The said JV company will file necessary applications with the Ministry of Communications or any other nodal agency to avail benefits under the PLI Scheme of government of India.(Mint)

Dixon Technologies, a contract manufacturer in electronic goods, on Wednesday said it has entered into a pact with Bharti Enterprises to form a joint venture to manufacture of telecom and networking products.

"Dixon has entered into memorandum of understanding (MOU) with Bharti Enterprises to form a joint venture (JV),” the company said in a regulatory filing.

Dixon said its wholly-owned subsidiary- Dixon Electro Appliances or any other company identified by the parties will be the JV company which will undertake manufacturing of telecom and networking products like modems, routers, set top boxes, IOT devices, etc for the telecom sector/industry including Airtel .

"The said JV company will file necessary applications with the Ministry of Communications or any other nodal agency to avail benefits under the PLI Scheme of Government of India," Dixon said.

As per Dixon, post execution of mutually acceptable agreements by the parties, the JV company will be 74% owned by Dixon and 26% by Bharti Enterprises.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeIndustryTelecomDixon, Bharti Enterprises form JV for manufacturing telecom products

Most Active Stocks

Tata Steel

179.85
10:29 AM | 21 JUN 2024
-2.5 (-1.37%)

Bharat Electronics

305.00
10:27 AM | 21 JUN 2024
-7.05 (-2.26%)

ITC

419.60
10:28 AM | 21 JUN 2024
-3.75 (-0.89%)

Vedanta

469.95
10:29 AM | 21 JUN 2024
-0.3 (-0.06%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Railtel Corporation Of India

476.20
10:27 AM | 21 JUN 2024
41.8 (9.62%)

Titagarh Rail Systems

1,584.25
10:29 AM | 21 JUN 2024
89.05 (5.96%)

Rail Vikas Nigam

409.70
10:28 AM | 21 JUN 2024
22.35 (5.77%)

Honasa Consumer

449.85
10:26 AM | 21 JUN 2024
23.5 (5.51%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,492.00959.00
    Chennai
    74,274.00164.00
    Delhi
    74,710.00816.00
    Kolkata
    74,856.001,323.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.92/L0.06
    Chennai
    100.85/L-0.13
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsloanPremiumGet App