Home / Business and Economy / Dixon Technologies partners with China's HKC for display modules
Dixon Technologies partners with China's HKC for display modules
11 Mar
Summary
- Dixon's JV with HKC Overseas aims to boost display module production.
- The venture will produce advanced components for electronics and auto.
- This move supports India's 'Make in India' initiative and reduces imports.
Dixon Technologies' share price saw a significant increase of up to 7%, reaching a high of ₹10,501 on Tuesday, March 10. This surge followed approval from the Ministry of Electronics and Information Technology (MeitY) for a joint venture with Chinese firm HKC Overseas Ltd. to manufacture display modules.
Dixon Display Technologies, a wholly-owned subsidiary, will be transformed into this joint venture entity. Dixon Technologies will hold a majority 74% ownership, while HKC Overseas will hold the remaining 26% stake.
The collaboration is set to integrate Dixon's manufacturing prowess with HKC's global expertise. This partnership will focus on producing and enhancing thin-film transistor LCDs, liquid crystal modules, and other advanced display components. These products are intended for a wide range of applications, including laptops, smartphones, televisions, and automotive displays.
This venture is anticipated to bolster India's domestic electronics manufacturing capabilities. It aims to decrease reliance on imports and strengthen the local supply chain, in alignment with the government's 'Make in India' program.
