Dixon and Beetel Ink JV Agreement for Telecom, Networking Product Manufacturing

Article By : Dixon Technologies (India) Ltd

Dixon and Beetel will set up a joint-venture company for the manufacture of telecom and networking products.

Dixon Technologies (India) Ltd has entered into joint venture (JV) agreement with Beetel Teletech Ltd, pursuant to which they will set up Dixon Electro Appliances Private Ltd (JV company)—to be 51% owned by Dixon and 49% owned by Beetel.

The JV company has received approval under PLI scheme of Government of India for manufacturing of telecom and networking products in India and, in accordance with the same, will undertake manufacturing of telecom and networking products, inter-alia GPONs, ONTs, modems, routers, set top boxes, and I0T devices, to name a few, for the telecom sector/industry, including for Beetel and Airtel.

“It gives us immense pleasure that we have partnered with Beetel. We are delighted and encouraged by the trust they have bestowed on Dixon for this collaboration. We see them as our ideal long-term strategic partner who shares our core values: focus on quality, engineering prowess, innovation and customer satisfaction & we intend to leverage each other’s strengths to manufacture telecom and networking products,” said Atul B. Lall, Vice Chairman & Managing Director, Dixon. “With Dixon’s excellent track record in manufacturing industry and Beetel’s (Bharti Group company) deep expertise in telecom, this venture will be well positioned to be a key player in its space. We are confident that this is just the beginning of a long and prolific association and there is immense potential to further build on our shared capabilities to deliver sustainable growth.”

 

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