Dixon Technologies and Longcheer Finalize Joint Venture to Manufacture Electronics in India

Dixon Technologies and Longcheer Intelligence have finalized a joint-venture agreement, forming Dixtel Infocomm with a total initial investment of around Rs 10 crore. Dixon holds a 74% stake, while Longcheer holds 26%. The JV, approved by the government, will manufacture smartphones, tablets, AI PCs, smartwatches, and other electronic devices. This collaboration aims to enhance original design manufacturing expertise and localize production of non-semiconductor components in India, following eased investment rules for companies from countries sharing land borders with India.