Dixon Technologies' unit partners Nokia to manufacture telecom products
Dixon Technologies manufactures products for the consumer durables, lighting, and mobile phone markets in India.
Homegrown Dixon Technologies' subsidiary on Monday entered into an agreement with global telecommunications company Nokia for the development and manufacturing of telecom products.
The company's subsidiary -- Dixon Electro Appliances Private Limited (DEAPL) -- has partnered with Nokia Solutions and Networks OY, which is a developer and supplier of sophisticated communications equipment & terminals, accessories and connectivity solutions, the company said in an exchange filing.
"This association will give a strong impetus to India's manufacturing competitiveness. There is tremendous scope and potential in the Telecom product market and it's gratifying that Nokia has partnered with Dixon for its Telecom products segment," Atul B. Lall, VC & MD, Dixon Technologies, said in a statement.
"We are sure that with their vision and stringent industry-leading processes, combined with our expertise in manufacturing, Nokia's customers are going to have an enriching experience," he added.
The manufacturing of the devices will take place at DEAPL's Noida facility in Uttar Pradesh, the company stated. Dixon Technologies manufactures products for the consumer durables, lighting, and mobile phone markets in India.
Their product portfolio includes -- consumer electronics like LED TVs, home appliances like washing machines, lighting products like LED bulbs and tube lights & downlighters, mobile phones, and more.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
06:26 PM IST