Dixon Technologies to invest Rs 200 cr under telecom PLI; plans to acquire Bharti’s plant

New Delhi: Electronics manufacturing services firm Dixon Technologies plans to acquire a Ludhiana-based manufacturing unit of Bharti Group to start making telecom gears under the production-linked incentive scheme announced for the sector, a top company official has said. The company plans to invest Rs 200 crore under the PLI scheme for the sector, and this investment includes acquisition cost of Bharti Group manufacturing unit.

“Dixon has got a PLI licence for the telecom sector. We are proposing to do a joint venture with the Bharti Group. The first manufacturing plant that we will be acquiring will be Bharti’s plant in Ludhiana which used to manufacture telephones,” Dixon Technologies executive chairman Sunil Vachani said.