Dixon, Bharti Enterprises type JV for manufacturing telecom merchandise
Dixon Applied sciences, a contract producer in digital items, on Wednesday mentioned it has entered right into a pact with Bharti Enterprises to type a three way partnership to fabricate of telecom and networking merchandise.
“Dixon has entered into memorandum of understanding (MOU) with Bharti Enterprises to type a three way partnership (JV),” the corporate mentioned in a regulatory submitting.
Dixon mentioned its wholly-owned subsidiary- Dixon Electro Home equipment or some other firm recognized by the events would be the JV firm which can undertake manufacturing of telecom and networking merchandise like modems, routers, set prime bins, IOT gadgets, and so on for the telecom sector/trade together with Airtel .
“The mentioned JV firm will file essential functions with the Ministry of Communications or some other nodal company to avail advantages beneath the PLI Scheme of Authorities of India,” Dixon mentioned.
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As per Dixon, put up execution of mutually acceptable agreements by the events, the JV firm shall be 74% owned by Dixon and 26% by Bharti Enterprises.