Govt clears Dixon-Vivo 51:49 JV to make smartphones in India under Press Note 3
The Centre approved a joint venture between Dixon Technologies (51%) and China's Vivo (49%) to manufacture smartphones in Noida, cleared under Press Note 3 of 2020. The deal comes with capital goods duty exemptions on components running to March 2029, deepening India's domestic electronics supply chain and reshaping smartphone retail sourcing.
Government cleared a Dixon-Vivo JV (51:49) to manufacture smartphones in India under Press Note 3, alongside customs-duty exemptions on components—boosting domestic electronics manufacturing and smartphone retail supply chains.