Khaitan & Co jointly advised Dixon Technologies and Longcheer Intelligence on strategic joint venture and FDI approval
Khaitan & Co jointly advised Dixon Technologies (India) Limited and Longcheer Intelligence Pte. Ltd. on the formation of a strategic joint venture in India, including securing the necessary approval under Press Note 3 of 2020. Under the approved structure, Dixon will hold 74% and Longcheer will hold 26% of the total paid-up share capital of the joint venture company.
This joint venture aims to foster domestic manufacturing champions, strengthen the electronic component ecosystem, boost India’s electronic product exports, and increase domestic value addition. Notably, the collaboration seeks to introduce Original Design Manufacturer (ODM) capabilities for mobile phones and other electronic products, catering to both domestic and international markets.
The Khaitan & Co team advising on the matter was led by Atul Pandey (Partner) and Hirak Mukhopadhyay (Partner), with support from Varun Yadav (Principal Associate) and Shruti Gupta (Senior Associate).
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