Skyworth Group, a prominent television and appliance manufacturer from China, has entered into a joint venture with Jaina Group, an Indian electronics contract manufacturer known for the Karbonn smartphone brand. Under the terms of the agreement, Jaina Group will hold a majority stake of 51% or more, while Skyworth will retain the remaining equity. Jaina Group Managing Director Pradeep Jain confirmed the joint venture but did not disclose the exact shareholding structure. The agreement was finalized on Wednesday in China. Jain stated that this collaboration reflects Skyworth's commitment to the Indian market and aims to promote the Panasonic television business locally. Additionally, the partnership will focus on developing local supply chain capabilities, which is crucial for manufacturing. Notably, Jaina Group recently became Skyworth's distribution partner for Panasonic televisions in India.