The Government of India (GoI) has approved a Joint Venture (JV) between Dixon Technologies (India) Ltd and Vivo Mobile India Ltd (VMI) for the manufacturing of electronic devices and smartphones in India.
Dixon Technologies will hold a 51% stake, while Vivo Mobile India will hold the remaining 49% stake. The entity will be established with an initial paid-up capital of ₹5 crore, contributed by both entities in proportion to their shareholdings.