The Indian government has approved the joint venture between Dixon Technologies and Vivo Mobile India, paving the way for the companies to establish a smartphone manufacturing business in the country.
Under the approved structure, Dixon Technologies will hold a 51% stake in the venture, while Vivo Mobile India will own the remaining 49%.
The joint venture will manufacture smartphones and other electronic devices as an original equipment manufacturer (OEM) in India. It will primarily handle Vivo’s smartphone production orders while also having the capability to manufacture electronic products for other brands.
The approval comes as investments involving Chinese companies continue to undergo stricter regulatory scrutiny in India. Under the country’s investment rules, proposals from companies based in nations that share a land border with India require approval from senior government authorities before they can proceed.
The clearance marks a significant step for both companies as they expand their manufacturing capabilities and strengthen India’s position as a global electronics production hub.
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