4 min readNew DelhiJul 10, 2026 06:04 AM IST First published on: Jul 10, 2026 at 04:30 AM IST
In one of the first major approvals to Chinese investment in a strategic sector, the Centre has cleared a joint venture between Dixon Technologies (India) Limited and Vivo Mobile India Limited (VMI) for manufacturing electronic devices and smartphones in the country, a BSE (Bombay Stock Exchange) filing showed.
“We would also like to intimate that VMI has today received approval of Government of India vide letter dated July 8, 2026, in terms of Press Note 3 of 2020 issued by the Department of Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, for incorporation of the JV Co and subscription of shares of JV Co by VMI,” the Noida-headquartered Dixon Technologies (India) Limited said in a company filing.