50:50 Partnership to Manufacture Lighting Products and Accessories in India

Dixon Technologies (India) Limited and Signify Innovations India Limited have signed a binding term sheet for a proposed joint venture (JV) to manufacture lighting products and accessories in India. The partnership aligns with the government’s Make in India vision, aiming to enhance local manufacturing capabilities in the lighting sector.

Key Highlights of the JV

• Equal Stakeholding: Both Dixon and Signify will hold 50% of the JV’s share capital. Neither company will have any stake in the other.
• OEM Focus: The JV will handle part of Signify’s OEM lighting orders in India and manufacture lighting products for other brands as well.
• Operational & Regulatory Approvals: The definitive agreements will detail governance, valuation, and other transaction terms, subject to regulatory approvals and customary conditions precedent.

Leadership Perspectives

Atul B. Lall, Vice Chairman & MD, Dixon Technologies, stated:
“We are delighted to partner with Signify India, a leader in the lighting industry. Their expertise in lighting technologies, combined with our manufacturing strength, will enhance operational efficiency and drive innovation.”

Sumit Joshi, MD & CEO, Signify Innovations India, added:
“This JV with Dixon will create a world-class manufacturing entity, delivering high-quality and cost-effective lighting solutions. With Signify’s deep understanding of lighting technologies and Dixon’s production excellence, we aim to redefine the market with competitive offerings.”

Strategic Impact

This collaboration strengthens India’s local manufacturing ecosystem while reinforcing Dixon’s position as a leading OEM and Signify’s commitment to technology-driven lighting solutions. Once operational, the JV is expected to significantly boost production capacity and market reach in India’s growing lighting industry.

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