Dixon Tech, China's HKC Overseas form Rs 370-cr JV to make display modules
electronics contract manufacturer
Dixon Technologies has formed a Rs 370 crore
joint venture
for
display modules
manufacturing with Chinese company
HKC Overseas
.
Independence Day 2025
Modi signals new push for tech independence with local chips
Before Trump, British used tariffs to kill Indian textile
Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency
The
Dixon
Technologies-HKC Overseas joint venture is for manufacturing and selling of
LCD
and
TFT-LCD
modules that are used in electronic devices like TV, mobile phones etc for display, a regulatory filing said on Saturday.
"Dixon Technologies (India) Ltd has entered into a Term Sheet with HKC Corporation Ltd to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India," the filing said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Click here for more information
adobe.com
Undo
HKC Overseas Ltd will acquire 26 per cent stake in
Dixon Display Technologies Pvt Ltd
(DDTPL) for USD 10.998 million, about Rs 95.5 crore and Dixon will acquire 74 per cent stake in the JV for USD 31.3 million, about Rs 274 crore in two tranches.
"The company, HKC and DDTPL have executed the SSHA (share subscription and shareholders' agreement) on August 16, 2025," the filing said.
Live Events
Dixon has been on a spree of forming joint ventures with Chinese technology companies.
Last month, the company had announced a JV with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. PTI
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
9 minutes ago
- Hindustan Times
No fresh hike in tariff over oil, Donald Trump hints
US President Donald Trump appeared to rule out increased tariffs on China for purchasing Russian oil following his summit with Vladimir Putin in Alaska, while also suggesting existing penalties on India may not escalate further, providing relief for countries caught in Washington's pressure campaign against Moscow. US President Donald Trump shakes hand with Russian President Vladimir Putin during their meet at Joint Base Elmendorf-Richardson in Anchorage, Alaska. (REUTERS) Trump indicated that secondary sanctions on major oil buyers were no longer under immediate consideration after his three-hour meeting with the Russian president on Friday. 'Well, because of what happened today, I think I don't have to think about that,' Trump said of tariffs on China and more severe economic punishment for Russia for continuing the war in Ukraine. 'Now, I may have to think about it in two weeks or three weeks or something, but we don't have to think about that right now. I think, you know, the meeting went very well,' Trump added. The comments came despite the summit failing to produce a deal to end the Ukraine war, which has raged since Russia's invasion in February 2022. Prior to the meeting, Trump said 'he (Putin) lost an oil client, so to speak, which is India, which was doing about 40 per cent of the if I did what's called a secondary sanction, or a secondary tariff, it would be very devastating from their standpoint. If I have to do it, I'll do it. Maybe I won't have to do it,' offering hints that could be construed positively in New Delhi. Trump's statement came amid talk that had the Alaska Summit not gone well, India could be hit with a harsher levy. 'We've put secondary tariffs on Indians for buying Russian oil. And I could see, if things don't go well, then sanctions or secondary tariffs could go up,' US treasury secretary Scott Bessent said in a television interview on Wednesday. The US has already imposed tariffs totalling 50% on India, including a 25% penalty for Russian oil purchases that will take effect on August 27, making India one of the most heavily penalised US trading partners. Trump's more conciliatory tone followed his earlier revelation that the India tariffs were designed to pressure Russia by cutting off oil revenue, with the president claiming Moscow 'called and wanted to meet' after losing its second-largest energy customer. India welcomed the Alaska summit between the Russian and American leaders, expressing support for dialogue-based solutions to the Ukraine conflict. 'India welcomes the summit meeting in Alaska between US President Donald Trump and Russian President Vladimir Putin. Their leadership in the pursuit of peace is highly commendable,' the Ministry of External Affairs said in a statement released after the summit. 'India appreciates the progress made at the summit. The way forward can only be through dialogue and diplomacy. The world wants to see an early end to the conflict in Ukraine,' it added. Russia currently accounts for more than a third of India's energy purchases, up from less than 1% in 2022 following Western sanctions over the Ukraine invasion. China remains Russia's largest oil customer. India has defended its energy purchases as necessary for economic security, calling US targeting 'unjustified and unreasonable' whilst arguing that Western countries maintain their own trade relationships with Russia. Prime Minister Narendra Modi spoke with both Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin this month, offering Indian diplomatic support to aid the peace process in his call with the former. Modi has consistently called for dialogue and diplomacy since the invasion began, making separate visits to Russia and Ukraine last year whilst urging both leaders to return to negotiations. Trump announced following the summit that he would meet Zelensky in Washington on Monday, potentially followed by a trilateral meeting with Putin, as diplomatic efforts to end the conflict continue.
New Indian Express
24 minutes ago
- New Indian Express
Half-baked Alaska: Trump, Putin leave peace in the oven
It is instructive that disappointment at the fizzle-out was not accompanied by surprise. Trump and Putin are given to hyperbole and carry the carcass of failed forecasts and claims. In September 2014, Putin claimed that Russian forces could conquer Kyiv in two weeks. Then, in February 2022, Putin declared that Russia would get to Kyiv within days. Similarly, Trump claimed in the run-up to the US presidential polls he would end the war in Ukraine in 24 hours. Three years and nearly a million deaths later, Russia is far from claiming victory and Trump's claim has been flailing for over 207 days. Trump draws his inspiration for geopolitics from his experience as a deal-making real estate baron. It is not surprising that he spoke about swapping land—much like realtors in Delhi exchanging corner plots for parcels of land. Business is omnipresent in Trump's playbook. The US entourage included Treasury Secretary Scott Bessant and Commerce Secretary Howard Lutnick. Titled 'Pursuing Peace', the summit seemed less about the war and more a bilateral investment and trade meet between two friendly, not adversarial, nations. It is manifest that the US toolbox included a minerals-for-peace idea as a sweetener for Putin. In the run-up to the summit, Bessant held forth that it would explore commercial ties between the US and Russia, and declared that all options were on the table. The options included opening up Alaska's natural resources to Russia (which arguably has the capability to explore such a terrain), lifting of sanctions on Russian aviation, and even access to the rare earth deposits in territories currently occupied by Russia. It may be recalled that in May, Trump and Zelenskyy signed a minerals-for-peace deal. Ukraine has 22 of the 50 minerals defined by the US Geological Survey as critical for the production of chips, electric vehicles and defence equipment. The deal was billed by Trump as a payback for the $300-billion US support to Ukraine. The reality, as a recent study by Science Direct shows, is that nearly half of Ukraine's metal resources are now under Russian occupation. Clearly, even though the issue of ceasefire was unresolved, the two sides which met for nearly three hours did discuss possibilities that could unravel in the future.
Time of India
24 minutes ago
- Time of India
"No agreements that would go against the farmers": Shivraj Singh Chouhan on US's demand amid tariff talks
Live Events New Delhi: Union Agriculture Minister Shivraj Singh Chouhan on Friday firmly stated that India will not enter into any agreements that could harm the interests of its farmers, emphasising the paramount importance of safeguarding their rights amidst ongoing trade talks with the US, especially regarding the tariff issues in the country's agricultural and dairy a gathering of farmers in the national capital, the Union Minister noted that there were global voices that had shown concern about India's rapid progress, especially in the context of trade agreements and acknowledged that while India seeks to maintain friendly relations and create fair trade agreements with countries across the world, the spirit of these agreements must be grounded in fairness and equality."In our country, the right of the farmer is paramount, and the right of the citizen is paramount. You know, there are many people in the world who are jealous of our progress. 'What if India makes great progress? Make an agreement with them.' We do make agreements because we see the world as one family. But the spirit of agreement is based on fairness, on equality," he highlighted the agreement made with the UK, where Indian agricultural products would be allowed to enter the UK without tariffs, benefiting Indian farmers . However, he was cautious about any potential trade deals that could jeopardise Indian agriculture."We made an agreement with the UK on equal terms so that the produce of our farmers can go to England without any tax. Many agricultural products will now reach England without tax. But if someone suggests an agreement that allows another country's goods to flood our markets, we cannot compete with them," he Union Minister pointed out the disparity in the scale of farming between India and many foreign countries, stating, "Their farms are massive--10,000, 15,000, or even 20,000 hectares--while our farmers often have just one or two acres, or maybe up to five acres, which is rare. There is no comparison."He also warned that an agreement that allows foreign agricultural products to flood Indian markets could severely harm domestic farmers, driving down prices and depriving them of fair returns."If such an agreement happens, it would kill Indian farmers. Cheap foreign produce will flood the market. If we sell our produce at lower prices, farmers will not get a fair return," he a strong reaffirmation of India's stance, Chouhan echoed the words of Prime Minister Narendra Modi , asserting that no agreement would be signed at the expense of Indian farmers."But PM Modi said there will be no agreements that would go against the farmers. Their rights will be paramount," he Prime Minister Narendra Modi while addressing the nation on the 79th Independence Day, reaffirmed his support to protect farmers, saying that he is "standing tall like a wall against policies which are against farmer interest.""If any policy is against India's farmers, fishermen, cattle rearers, Modi is standing like a wall," PM Modi about standing his ground in the era of 'economic selfishness,' he added, "I say this with great experience. Kisi doosre ki lakeer chhoti karne ke liye, apni oorja hamein nahi khaphai. Hamein poori oorja ke saath hamari lakeer ko lamba karna hai. If we do that, the world will admit our strength."These remarks come during a time when India is actively involved in the discussions on the Bilateral Trade Agreement with the US, which the two sides could not conclude due to the American demand to get comprehensive access to the Indian agriculture and dairy US is pressuring India to open its agricultural market and subsequently imposing a 25 per cent additional tariff, with Washington calling it a 'penalty' for buying Russian oil. (ANI)
