March 27, 2025
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Dixon Tech forms JV with Signify Innovations to manufacture lighting products and accessories in India
Dixon Technologies announced on March 27 that it has entered into a joint venture with Signify Innovations India, focused on manufacturing lighting products and accessories in India. The joint venture will see both companies holding an equal 50% stake, with no ownership in each other’s existing businesses. The JV will handle part of Signify’s OEM orders and cater to other brands in the lighting sector. This collaboration supports India’s “Make in India” initiative.
In related news, the Ministry of Electronics and Information Technology (MeitY) is set to finalize a Rs.25,000 crore Production-Linked Incentive (PLI) scheme to boost domestic electronics manufacturing. Expected to attract investments worth Rs.40,000-45,000 crore, the scheme aims to strengthen India’s electronics ecosystem, create jobs, and establish the country as a global manufacturing hub.
Dixon Tech shares were up 1.87% at Rs.13,508.2 at 12:50 PM on March 27, reflecting an 81.99% gain over the past year.
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