Smartphone Maker Lava Eyes India Venture With China's Huaqin

The pact would give the closely held companies heft as they seek to take on rivals such as Foxconn Technology Group.

(Bloomberg) — Indian smartphone maker Lava International Ltd. is in advanced talks with China’s Huaqin Technology Co. to create an electronics manufacturing venture in India.

The venture would aim to win contracts from U.S. and Chinese customers for research and development, design and manufacturing of electronics products, according to a letter from Lava to India’s technology ministry seen by Bloomberg News. Talks for the partnership are nearing completion, according to the letter.