The government has approved a proposed joint venture between domestic electronics manufacturer Dixon Technologies (India) Ltd and Vivo Mobile India Pvt Ltd, a subsidiary of Chinese smartphone maker Vivo. Dixon informed stock exchanges about the approval in a regulatory filing on Thursday, stating that the government granted clearance for the partnership on July 8. The two companies had signed an agreement on December 15, 2024, to establish a joint venture for manufacturing electronic products, including smartphones.The approval is significant as it is among the first major clearances under the revised Press Note 3 framework, which relaxed foreign direct investment (FDI)…