Dixon To Set Up INR 1,000 Cr Laptop Manufacturing Unit In TN

SUMMARY

The state government said that the company’s upcoming unit in Kancheepuram’s Oragadam IndoSpace Industrial Park will manufacture laptops and PCs

The proposed unit is expected to create employment opportunities for 5,000 people in the state

Dixon is a listed company that manufactures a wide range of consumer electronics for companies like HP, Samsung, Bajaj, boAt, OnePlus, Xiaomi, among others

Electronics manufacturer Dixon Technologies has signed a memorandum of understanding (MoU) with the Tamil Nadu government to set up a manufacturing facility near Chennai with a total investment of INR 1,000 Cr.

In a statement, the state government said that the company’s upcoming unit in Kancheepuram’s Oragadam IndoSpace Industrial Park will manufacture laptops and personal computers (PCs).

The proposed unit is expected to create employment opportunities for 5,000 people in the state.

“Dixon’s leadership acknowledged what we’ve always believed: Tamil Nadu’s progressive policies, robust infrastructure, highly skilled workforce and above all ease of doing business at a fast pace make it the most attractive destination for manufacturing in India,” Tamil Nadu’s industries minister TRB Raja said in a post on X.

Dixon is a listed company that manufactures a wide range of consumer electronics for companies like HP, Samsung, Bajaj, boAt, OnePlus, Xiaomi, among others.

Besides manufacturing electronics for different companies, the Noida-based company has also been focussing on diversifying its product portfolio to create alternate streams of revenue.

As part of this, Dixon announced a joint venture (JV) with Vivo India last year to manufacture smartphones for the Chinese tech major. In January this year, the company also said that it is in talks to establish a $3 Bn display fabrication facility in the country.

The signing of the MoU with the Tamil Nadu government comes ahead of Dixon announcing its financial results for the fiscal year 2024-25 (FY25). In February, its MD Atul Lall reportedly said that the electronics manufacturer is on track to double its revenue for the fiscal year.

“For the sector and Dixon, the growth path is going to be extremely aggressive in the coming future,” Lall told Reuters. In the previous fiscal year, the company reported a revenue of INR 17,691 Cr, a 45% increase compared to INR 12,192 Cr in FY23.

Shares of Dixon ended Wednesday’s (April 9) trading session 2.17% higher at INR 13,276.15 on the BSE.