India, April 29 -- Shanghai-based Huaqin Technology, the world's largest original design manufacturer (ODM) for mobiles and tablets, is in discussions for a joint venture with homegrown original equipment manufacturer (OEM) Bhagwati Products Limited.

As per Moneycontrol's report, citing sources familiar with the matter, the negotiations are in advanced stages, and the final contours of the deal are likely to be finalised after the Lok Sabha Elections 2024.

Senior executives of Huaqin are currently visiting India and conducting due diligence, the report added.

Inc42's queries to Bhagwati Products and Huaqin remained unanswered till the time of publishing the article.

Bhagwati Products is a beneficiary under the production-linked incent...