India Clears Dixon-Vivo Manufacturing Venture, Easing Rules on Chinese Partnerships

The approval allows a majority-Indian-owned joint venture to begin local smartphone production, reflecting a policy adjustment aimed at boosting domestic electronics output while managing foreign investment.

The Indian government has approved a joint venture between Dixon Technologies and Vivo that will focus on smartphone manufacturing inside the country. Dixon shares rose 4 percent on the news, extending a pattern of market reactions that began when reports first surfaced weeks earlier. The deal requires Indian ownership to hold the majority stake, a condition that marks a measured change in how New Delhi handles partnerships with Chinese smartphone makers.

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