Dixon Technologies Receives Approval from MEITY for Joint Venture with HKC Overseas Limited

Dixon Technologies (India) Limited has received approval from the Ministry of Electronics and Information Technology, Government of India under Press Note 3 of 2020 issued by the Department for Promotion of Industry and Internal Trade read with the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, to form a joint venture with HKC Overseas Limited. This approval is a significant step towards the formation of the joint venture, which will carry on the business of development, manufacturing and distribution of liquid crystal modules and thin film transistor liquid crystal display modules and other advanced display modules. This joint venture will strengthen domestic industries using displays, reduce reliance on international suppliers, and boost manufacturing capabilities in electronics and automotive sectors while supporting component ecosystems under ‘Make in India.’