Dixon Tech gains 2% after tie-up with Acer India to manufacture laptops under the ‘Make in India’ initiative

The state-of-the-art unit will have the capacity to manufacture up to 5 lacs Acer laptops annually.

Nov 25, 2021 11:11 IST India Infoline News Service

Acer India, the leading PC brand, and Dixon Technologies Limited have partnered for the manufacturing of laptops at Dixon’s state-of-the-art manufacturing facility situated in Noida. The manufacturing unit was inaugurated on Wednesday by Saurabh Gaur, Jt. Secretary, Ministry of Electronics and Information Technology, in the presence of Sunil Vachani, Executive Chairman, Dixon Technologies, Mr. Atul B. Lall, Vice Chairman & Managing Director, Dixon Technologies, Mr. Harish Kohli, President & Managing Director, Acer India, and Mr. Sudhir Goel, Chief Business Officer, Acer India.

This will give a strong impetus to India's manufacturing competitiveness and leverage the production-linked incentive (PLI) by the Government of India. The factory will have the capacity to produce up to 500,000 laptops annually.

At around 11.44 am, Dixon Technologies (India) Ltd was trading at Rs5,167.55 per piece up by Rs95.2 or 1.88% from its previous closing of Rs5,072.35 per piece on the BSE.

Acer will bring in the global know-how and processes to manufacture high-tech electronic products in laptops category which will be implemented through Dixon’s facilities. Acer believes that this key initiative will help to grow the electronic manufacturing ecosystem which will help us to serve domestic and global markets from India.

The PLI for IT hardware brought by Government of India is a game-changer that will have the advantage to increase domestic value addition and significantly position India as a key export’s hub.

The impetus to PC manufacturing is particularly significant as it can help reduce imports which have become all the more important as their usage increase rapidly amid the Covid-19 restriction.

Harish Kohli, President and Managing Director, Acer India, said, “We are excited about our partnership with Dixon Technologies (India) who is the largest home-grown design-focused and solutions company engaged in manufacturing products for diverse consumer products.

With our global manufacturing prowess perfected over 44 years and our strong processes, we are proud to be a catalyst in the manufacturing-led growth story for PCs in India. Acer will manufacture multiple laptops catering to segments from value to mainstream including education segment with Acer global manufacturing practices and guidance. The opening of this facility is a testament to our commitment to Government of India’s flagship ‘Make in India' & ‘Atmanirbhar Bharat' initiative.”

Atul B. Lall , Vice Chairman & Managing Director, Dixon Technologies, said, “Acer is one of the world's leading ICT companies with a worldwide presence in more than 160 countries. They are known for their affordable yet technologically advanced products. Both Dixon and Acer are firm proponents of Government of India’s Atmanirbhar Bharat vision and we are confident that this partnership will scale up export and employment opportunities in the country.”

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