Electronics manufacturing firm Dixon Technologies and Imagine Marketing -- the parent company of earwear brand boat -- have formed a 50:50 joint venture to manufacture Bluetooth enabled audio devices. The company and Imagine have entered into a joint venture agreement to form a joint venture company for undertaking the manufacture of Bluetooth enabled audio devices, said a regulatory filing by Dixon Technologies. The proposed JV Company will undertake design and manufacturing of Wireless Audio Solutions in India & the JV partners will co-invest in the evolving Indian mobile accessory market, a joint statement said. The association will enable the companies to meet the evolving needs of customers by delivering high-quality and aspirational lifestyle-focused hearable solutions, backed by quality manufacturing and robust R&D, it said. Both the companies will nominate two directors each on the board of the JV. Both the JV Partners i.e. Company and Imagine shall have right to ...
Dixon Devices, the joint venture company, will be 40 per cent owned by Dixon and the rest 60 per cent by Rexxam
The DoT notified the PLI scheme for telecom and networking products on February 24 with a financial outlay of Rs 12,195 crore, over the five years
Dixon is an eligible player for the PLI scheme under the IT hardware category
Dixon has earned revenues of Rs 4,400 crore and is in the bottom 20 of the global pecking order of EMS players
The JV is targeting the Bharti group to pick up 80-85 per cent of the value of its cumulative sales of five years
The scheme aims to make India a manufacturing and export hub for mobile phones