Dixon receives government approval for JV with Chinese firm Longcheer

Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer, according to a regulatory filing.

The JV will be formed between Dixon and Longcheer's Singapore-based subsidiary.

"Dixon has received approval from MEITY to form a prospective joint venture (JV) in India with Longcheer, through an optimum structure to be mutually agreed between Dixon and Longcheer such that... 74 per cent of the total paid up share capital of the joint venture company is held by Dixon and 26 per cent...is held by Longcheer," the filing dated July 24 said.

Operating as Dixtel Infocomm, this JV will focus on manufacturing smartphones, tablets, and other smart devices in India, strengthening local production and ODM capabilities.