InvestorQ : What is it about the latest tie up between Dixon and Bharti Airtel?
Dilmini Mercia made post

What is it about the latest tie up between Dixon and Bharti Airtel?

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Dawn Cherian answered.
8 months ago
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Let me clarify that Bharti Enterprises, the investment company of Bharti group, has tied up with Dixon Technologies, a major electronics outsourcer which had come out with an IPO a couple of years back. The venture is to jointly apply for production-linked incentives (PLI) to manufacture telecom and networking products in India.

The JV will manufacture modems, routers, set-top boxes and IOT devices for the telecom sector, including Airtel. While Dixon will own 74% of the JV, 26% will be owned by Bharti Enterprises. Dixon has deep expertise in telecom. The government has also been aggressive about PLI and recently approved Rs.6,238 crore outlay for Air Conditioners and LED Lights.

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