Dixon gets govt nod for JV with China’s HKC Overseas

New Delhi: Dixon Technologies has got approval from the Ministry of Electronics and IT (Meity) under the Press Note 3 to form a joint venture with Chinese firm HKC Overseas.

Dixon, country’s largest home-grown electronics contract manufacturer, formed the joint venture with HKC in August last year and was awaiting the nod under Press Note 3. Dixon Display Technologies Private Ltd (DDTPL), a wholly owned subsidiary of Dixon, will hold 74% stake in the joint venture while HKC will have the remaining 26% share. The joint venture will manufacture and sell display modules etc.

Press Note 3 prescribes that an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government Approval route.


“This approval received from Meity by Dixon today, is an approval under Press Note 3 for the proposed investment by HKC into DDTPL i.e. the proposed joint venture company,” Dixon said in a regulatory filing.

The filing added DDTPL 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, to support industries such as mobile phones, notebooks, automotive displays, televisions, monitors, and industrial displays etc.

“The 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,” Dixon said.