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Homegrown EMS giants lead over ₹1 trn component charge

Business Standard

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October 06, 2025

Dixon has filed applications in five segments with a total investment of 4,000 crore. Itis setting up a ₹2,000 crore display module sub-assembly plant in partnership with Chinese firm HKC Overseas, which will hold a 26 per cent stake in the joint venture (JV).

A ₹1,000 crore camera module sub-assembly plant is also planned. To fast-track timelines, Dixon has already acquired a 51 per cent majority stake in Kunshan Q Tech Microelectronics (India) for t550 crore; the unit is already operational.

In mechanics (enclosures), Dixon has earmarked ₹500 crore and tied up with Chongqing Yuhai Precision Manufacturing Co., which will take a 26 per cent stake. Another ₹500 crore will go towards lithium-ion (Li-ion) cell manufacturing, for which Dixon is seeking global technology partners.

Around ₹100 crore has been allocated to optical transceivers, mainly for telecommunications applications.

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