Signify the world leader in lighting, and Dixon Technologies (India) Ltd. have announced the intent to form a joint venture to enhance manufacturing excellence in India. The proposed joint venture, pending required regulatory approvals, will produce lighting products and accessories for leading brands in the highly competitive Indian market.
Leveraging Signify’s global leadership in lighting technologies and Dixon’s manufacturing excellence, the proposed new venture will manufacture world-class lighting products and accessories in India. The new venture will drive innovation and cost competitive offerings across a broad portfolio of products including LED bulbs, downlights, spots, battens, ropes, strips and LED lighting accessories. Signify and Dixon Technologies will each hold 50% equity in the newly formed venture.
“Aligned to the government’s Make in India vision, this proposed joint venture with Dixon Technologies will create a world-class manufacturing company that combines the technology leadership, pricing, and offerings to the customers. With Signify’s unparalleled understanding of lighting technologies and Dixon’s manufacturing excellence, this joint venture will manufacture high-quality competitive lighting products in India,” said Sumit Joshi, MD and CEO, Signify Innovations India Ltd.
