Working to create capacity of 1.2 million phones a month: Shri Atul Lall, MD, Dixon and Senior Vice President, ELCINA (Electronic Industries Association of India)

June 01 23:36 2023
Dixon Technologies (India) Ltd to make and export Smartphones for Xiaomi India.

New Delhi – 1st June, 2023 – Shares of Dixon Technologies (India) Ltd boosted by more than 5% after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus. Dixon Technologies has partnered with Xiaomi Corp’s India arm to make and export phones.

India has been encouraging global companies to invest more in local manufacturing as a part of its efforts to become a powerhouse in the global electronics supply chain.

The deal will help Xiaomi India leverage Dixons status of being cleared to receive sops under the Governments PLI scheme for mobile manufacturing and boost another big ticket, assuring revenue for Dixon’s mobile manufacturing business which contributed almost 46% to its total revenue of FYQ4.

Shri Atul Lall, Vice Chairman and MD at Dixon and also Senior Vice President at ELCINA (Electronic Industries Association of India) added that they are working to create a capacity of 1.2 million devices a month for both, domestic market and for exports.

About ELCINA (Electronic Industries Association of India)

Electronic Industries Association of India was established in 1967 as the first industry association supporting electronics hardware, when India’s Electronics industry was still in its infancy. Since then, ELCINA has established itself as an interactive forum for electronics and IT manufacturers. ELCINA actively interacts with the government and advises it on policy and business environment issues. It networks with technical institutions and business support organizations in India and abroad to enable business expansion and information dissemination on technical developments. With greater liberalization, ELCINA’s focus has shifted to professional and value-added services to the Electronics Community.

For more information, please contact:

Krishna Priya Nair

(+91) 9354970451

[email protected]

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Company Name: ELCINA(Electronic Industries Association of India)
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Country: India