Electronics manufacturing services firm Dixon Technologies on May 16 said it has entered into a Memorandum of Understanding (MOU) with Acerpure for manufacturing of consumer appliance products.
Pursuant to this MOU between Acerpure and Dixon Technologies, the company will undertake the manufacturing of Acerpure products in its facilities starting with TVs, subject to signing of definitive agreements.
Acerpure is engaged in the business of trade, import and export of consumer durables and home appliances, and associated peripherals, accessories, components and parts and provision of ancillary services connected therewith.
Commenting on this association, Sunil Vachani, Executive Chairman of Dixon Technologies, said, “The introduction of Acerpure and our expanded collaborative efforts represent a significant stride towards enhancing India's self-sufficiency and global competitiveness in the electronics sector. Aligned with the 'Make in India' initiative, our goal is to manufacture premium consumer products for both domestic and international markets, thereby stimulating economic growth and fostering innovation while nurturing local talent. This partnership underscores our unwavering commitment to delivering high-quality, Made in India products, marking a notable milestone in our relentless pursuit of excellence."
Harish Kohli, President & Managing Director of Acer India, added, "Together, we look forward to crafting cutting-edge solutions that resonate with the diverse needs and aspirations of Indian consumers, empowering them to embrace a brighter, technologically enriched future."
Dixon Tech recently announced that it expects to close the current fiscal with a revenue of around Rs 19,000 crore.
Dixon Technologies vice chairman and managing director Atul Lall said the company has plans to double its headcount over the next two years. ''In a short period of just 5-6 years, we have grown from Rs 1,500 crore, and this year, we should close at around Rs 19,000 crore. We have grown from 1,700 people to 27,000 people, and let me assure you that this is going to double in 2 years,'
Meanwhile, shares of Dixon Tech on May 16 closed 1.63 percent higher at Rs 8,235 apiece on BSE.
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