Dixon Technologies (India) Ltd.'s unit Padget Electronics Pvt. has bagged a contract from Lenovo for manufacturing laptops and notebooks under the Production-Linked Incentive Scheme 2.0.
An exchange filing on Monday stated that the parties will sign the definitive agreement for the contract in due course.
"This (contract) will give a strong impetus to India's manufacturing competitiveness. Lenovo will bring in the global know-how and processes to manufacture IT hardware products," said Atul B. Lall, vice chairman and managing director of Dixon Technologies.
Last month, the electronic manufacturing services company inaugurated its new Noida factory, where it will manufacture Xiaomi smartphones. With an investment of Rs 256 crore, the factory operated by Padget Electronics has an annual production capacity of 2.5 crore units per year.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Through the PLI scheme, the government has encouraged domestic companies and establishments to set up or expand their manufacturing units to increase production of IT hardware goods. Such companies receive incentives for incremental sales of products manufactured in India.
Dixon Technologies is among the 14 firms that have gotten approval from the government under the scheme.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.