India, May 1 -- Homegrown electronics manufacturer Dixon Technologies has entered into a joint venture (JV) with Taiwan-based manufacturing company Inventec Corporation to make notebook and desktop PC products, including components and servers in India.

"The arrangement is in line with the strategy of the company to grow in this business segment and to achieve strategic goals and expansion of business," Dixon said in an exchange filing.

As per the JV agreement, the company will set up a wholly-owned subsidiary named Dixon IT Devices Private Limited, where Dixon will own 60% of the total issued and paid up share capital and the remaining 40% will be owned by Inventec on a fully diluted basis.

On grounds of financial terms of the deal, t...