Read on the application
Dixon Technologies, the country’s largest domestic electronics manufacturing services (EMS) company, has set a cumulative production value of Rs 48,000 crore over 6 years. It has been declared eligible under the Production-Linked Incentive (PLI) scheme for IT products. Along with this move the company applied for PLI scheme through Padgett Electronics. It is Rs. 350,000 crore would be one-seventh of the additional production value. Which has been collected collectively by 27 eligible companies in 6 years by the government.
Confirming its plan, Dixon Technologies Managing Director Sunil Vachani said that we had applied under the hybrid domestic category and in 6 years starting from FY 2024-25, Rs. 48,000 crore and Rs. 250 crores with a cumulative production value. Have invested Rs. In the first year our focus will be on final assembly and PCBA (Printed Circuit Board Assembly). Later we will focus on components like battery, charger, display.
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Partnership with Xiaomi
Padget Electronics, a subsidiary of Dixon Technologies has also partnered with Xiaomi. The company gave this information to the stock exchange on September 27. The company said that smartphones and other related products will be manufactured under this agreement. Manufacturing will be done at Padgate’s manufacturing facility located in Noida, Uttar Pradesh. Commenting on the partnership, Atul B Lal, Vice President and Managing Director of the company said that he is confident that this collaboration will benefit from their strong track record of implementation and expertise and leadership in Xiaomi’s Indian business.
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Made investors rich in 5 years
Talking about the stock of Dixon Technologies, its current price is Rs 5426. 5 years ago its share price was Rs 411. That is, investors have made a profit of Rs 5,015 per share in these 5 years. In such a situation, the investors who bought 10,000 shares of this company 5 years ago, their current price is Rs. 54 lakh has gone over. That is, the investor has to pay Rs. Have made a profit of more than 50 lakhs.