India, July 25 -- Dixon Technologies has received approval from the Indian government to establish a joint venture (JV) with Chinese electronics company Longcheer, as per a recent regulatory filing.
The JV will be formed in collaboration with Longcheer's Singapore-based subsidiary.
According to the filing dated July 24, the Ministry of Electronics and Information Technology (MEITY) has approved the formation of the JV in India, under a mutually agreed structure. As per the plan, Dixon will hold a 74% stake in the joint venture, while the remaining 26% will be owned by Longcheer.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....