Dixon Technologies shares were on the up after the company announced a strategic partnership with Xiaomi India, marking a significant stride in the “Make in India” initiative. The collaboration will see Dixon’s subsidiary, Padget Electronics, manufacturing smartphones and related products for Xiaomi at its Noida facility.
What Happened? Atul B Lall, Vice Chairman and Managing Director of Dixon Technologies, expressed his enthusiasm about the alliance, emphasizing the synergy between Dixon’s execution track record and Xiaomi’s market leadership in India. He views this partnership as a testament to the mutual commitment to quality, engineering prowess, and customer satisfaction, foreseeing it as the inception of a fruitful and enduring relationship.
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This collaboration doesn’t just converge shared capabilities aimed at sustainable growth but also reflects the trust and shared values between the two companies. Lall highlighted that the Government of India’s PLI scheme endorses Padget Electronics as one of the few companies, underscoring the significance of this association in strengthening the Indian government’s manufacturing initiative.
In essence, this alliance between Dixon and Xiaomi is poised to be a catalyst for innovation and growth, reinforcing the commitment to quality and customer-centricity, and contributing to the realization of the “Make in India” vision.
Price Action: Dixon Technologies shares were trading 0.099% higher at ₹5,290.60 on Thursday shortly after markets opened for trading.
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