Deven Khanna, group director of Bharti Enterprises, said, “With Dixon’s excellent track record in the manufacturing industry and Bharti’s deep expertise in telecom, this venture will position itself as an important player in its place.”
Dixon Technologies, a maker of electronic products, on Wednesday said it has signed an MoU with Bharti Enterprises to form a joint venture to apply for the government’s Production Linked Incentive (PLI) scheme for manufacturing telecommunications and networking products. Is signed.
“Dixon’s wholly owned subsidiary- Dixon Electro Appliances Pvt. Ltd. or any other company identified by the parties will be JV Company which manufactures telecom and networking products such as modems, routers, set top boxes, IoT devices, etc. for the telecom sector. . / Industry, including Airtel, ”the company said in a regulatory filing.
It added that the JV firm, after execution of mutually acceptable agreements, would be 74% owned by Dixon and 26% by Bharti Enterprises, with the Ministry of Communications or any other nodal agency under the requisite profit to gain Will file the required application. PLI scheme.
Saurabh Gupta, CFO, Dixon Technologies said, “We see them [Bharti] As our ideal long-term strategic partner, who shares our core values: focus on quality, engineering skills, innovation and customer satisfaction, and we leverage each other’s strengths to build telecommunications and networking products Intend to “
Deven Khanna, group director of Bharti Enterprises, said, “With Dixon’s excellent track record in the manufacturing industry and Bharti’s deep expertise in telecom, this venture will position itself as an important player in its place.”
The stock of Dixon Technologies (India) was trading at 1.51 pm on BSE at E 3,510.60 per share with 0.82% or 65 28.65 per share.
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