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Dixon, Rexxam Sign JV Agreement
January 21, 2022 | DixonEstimated reading time: Less than a minute
Dixon has entered into Joint Venture Agreement (JV Agreement) with Rexxam Co. Ltd. (Rexxam). Pursuant to the said JV Agreement, Dixon Devices Private Limited (JV Company) will be 40% owned by Dixon and 60% owned by Rexxam. The JV Company has received approval under PLI scheme of Government of India under White Goods category and in accordance with the same, it will undertake manufacturing of Printed Circuit Boards for Air-Conditioners (PCBA) for the domestic and international market.
Commenting on this occasion, Atul B. Lall, Vice Chairman & Managing Director, stated that “We are immensely grateful by the trust that Rexxam has bestowed on Dixon for this collaboration. Through this partnership, we are taking a leap in our long standing relationship of 7 years with Rexxam. The JV Company will cater to customers of Rexxam for both domestic and export markets. With Dixon’s excellent record of manufacturing and Rexxam taking the lead in marketing and sales, we are positive that this partnership will be well-positioned and a key player in this space and shall be a contributor in strengthening India’s electronics manufacturing sector as well as towards Indian government’s vision of an Atmanirbhar Bharat”.
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