Dixon collaborates with Bharti Enterprises to make telecom gear under PLI scheme
Electronics manufacturing services company Dixon has entered into a memorandum of understanding (mou) with Bharti Enterprises to form a joint venture (JV). Dixon’s 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 JV Company will file necessary applications with the ministry of Communications or any other nodal agency to avail benefits under the Production Linked Incentive (PLI) scheme of Government of India. Post execution of mutually acceptable agreements by the parties, the JV Company will be 74% owned by Dixon and 26% owned by Bharti Enterprises.