SecurityThe Tech Portalabout 2 hours ago
India approves Dixon-Vivo JV for domestic smartphone manufacturing
3 min read
India approved the Dixon Technologies and Vivo Mobile India joint venture for domestic smartphone manufacturing. Dixon will own 51% and Vivo 49%. The partners will invest ₹5 crore initially. The venture could support manufacturing worth ₹30,000 crore. The approval came under Press Note 3, which requires prior clearance for investments from land-border-sharing countries.
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