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Dixon Technologies shares gained 9.54% to a record high of Rs 6034.75 against the previous close of Rs 5,508.90. At 2:35 pm, the Dixon Technologies stock was trading 7.92% higher at Rs 5935.10 on BSE.
Homegrown Dixon Technologies' subsidiary Padget Electronics will manufacture Xiaomi smartphones at its new Noida factory that has been set with Rs 256 crore investment, it said on Thursday.The factory was inaugurated by IT Minister Ashwini ...
PLI Scheme: He said it is “highly encouraging” to see the development of the design and component manufacturing ecosystem in India. Vaishnaw cited that domestic value addition is increasing day-by-day and in some products, “it is as high as 60%”.
The factory was inaugurated by IT Minister Ashwini Vaishnaw which is likely to generate around 5,000 new jobs. The manufacturing facility has an annual production capacity of 25 million units.
Padget Electronics, a wholly owned subsidiary of Dixon Technologies inaugurated a new smartphone manufacturing facility in Noida in the presence of Union Minister of Electronics and IT, Ashwini Vaishnaw. The newly inaugurated factory has already commenced production of smartphones for Xiaomi India in the September quarter.