Dixon's arm Padget Electronics inks agreement to make phones for Xiaomi

Dixon wholly owned subsidiary- Padget Electronics Private Limited informed to the exchanges that it has entered into an agreement with Xiaomi to carry out manufacturing of smart phones and other related products for Xiaomi. 

The manufacturing shall take place at Padget’s manufacturing facility situated at Noida.

Commenting on this association, Atul B. Lall, Vice Chairman & Managing Director, Dixon Technologies (India) Limited said that “We believe that this association will leverage our excellence, superior execution track record and Xiaomi’s expertise & leadership in Indian business ecosystem and it represents a major milestone in Indian Governments “Make in India” initiative."

On Thursday morning, shares of Dixon Technologies were trading at Rs 5330 per share higher by 0.87% on the BSE.