Dixon Technologies, a contract manufacturer in electronic goods, has announced a joint venture (JV) with Japan-based Rexxam Company for manufacturing printed circuit boards (PCBs) for air-conditioners for the domestic and international market.
It has entered a memorandum of understanding (MoU) with Rexxam Company to this effect and proposes to file necessary applications with the government to avail benefits under the Production Linked Incentive (PLI) Scheme.
Post-execution of mutually acceptable agreements by the parties, the JV company will be 60 percent owned by Rexxam Company and 40 percent owned by Dixon Technologies.