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Dixon and Bharti Enterprises ink MoU for telecom products

Wednesday, 07 Apr 2021
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Dixon has entered into memorandum of understanding (MoU) with Bharti Enterprises to form a joint  venture  (JV).  

Dixon’s wholly-owned  subsidiary, Dixon Electro Appliances or any other company identified by the parties will be the JV company which will undertake manufacturing  of telecom and networking products like modems, routers, set  top  boxes, IOT devices, etc for the telecom sector/industry including Airtel.

The  said  JV  company  will file necessary applications with the Ministry of Communications or any other nodal agency to  avail  benefits under the PLI  Scheme.  Post- execution of mutually acceptable agreements by the parties, the JV company will be 74 percent owned by Dixon and 26 percent owned by Bharti Enterprises.

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