In a strategic move, India has approved a collaboration between Dixon Technologies and Vivo Mobile India, paving the way for domestic production of smartphones and electronic devices. This new joint venture will see Dixon holding a majority stake, creating a model for other Chinese manufacturers inclined towards local assembly. The initiative is expected to reach ambitious goals in both production volume and revenue.

Vivo's joint venture could become a template for Chinese smartphone makers in India.

Dixon Technologies' shares rose significantly after Vivo Mobile India secured government approval for a joint venture. This partnership will focus on manufacturing smartphones for…