Latest news with #ChongqingYuhai
Time of India
5 days ago
- Business
- Time of India
Dixon's JV firms with Chinese companies to face govt scrutiny under Press Note 3 rules
Synopsis The government will review Dixon's recent deals with Chinese companies Chongqing Yuhai and Kunshan Q Technology. Dixon plans a joint venture with Chongqing for precision components. It also intends to acquire a majority stake in Kunshan Q Tech India. This collaboration aims to produce camera and fingerprint modules. Dixon Technologies is participating in the Electronics Components Manufacturing Scheme.
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Business Standard
6 days ago
- Business
- Business Standard
Dixon Technologies' China playbook faces crucial Centre's FDI test
Company signs new pacts with Chinese firms Qtech, Chongqing Yuhai Surajeet Das Gupta New Delhi Listen to This Article Dixon Technologies (India) on Tuesday signed two agreements — a joint venture (JV) and an acquisition, both with Chinese companies — in what could be a test case for the government on how to handle such proposals under foreign direct investment (FDI) rules for Chinese firms following the implementation of Press Note 5. With these two deals, Dixon now has five such tieups with Chinese companies — in each of which it holds a 51 per cent or higher stake — and they can proceed only if the government grants FDI approval. The company has signed a binding term sheet
