Philips agreed in January to sell that division to Japan's Funai Electric for 150m euros.
The government said that environmental studies were done with the National Indian Foundation, Funai.
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Today's agreement does not impact any of Funai's existing brand licensing agreements with Philips.
ENGADGET: Philips sells off its Hi-Fi and DVD business to Funai for $201 million
"This is truly an exciting time for us at Funai, " said Funai President and CEO, Tomonori Hayashi.
ENGADGET: Philips sells off its Hi-Fi and DVD business to Funai for $201 million
For instance, in the low-margin consumer-electronics sector, the missing include TCL of China and Funai Electric of Japan.
Founder of Funai Electric, maker of DVD players, televisions, which is facing stiff competition from Chinese and other rivals.
Dutch electronics giant Philips is to sell off its home entertainment business, including hi-fis and DVD players, to Japan's Funai Electric.
FUNAI, the government agency responsible for aiding and protecting Indians, reckons their birth rate is now 10% above the Brazilian average.
Additionally, this will give Funai the opportunity to meet our goal of expanding our business into markets including Brazil, Russia, India and China.
ENGADGET: Philips sells off its Hi-Fi and DVD business to Funai for $201 million
The Funai is being played at two par-72 courses in the Walt Disney World Resort, the Palm and Magnolia, for the first two rounds.
The National Indigenous Foundation, Funai, a representation of indigenous tribes within the government, approved Belo Monte and is part of the ongoing process of constructing the dam.
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The National Indian Foundation, or Funai, gave Belo their blessing.
It will leverage Philips' strong brand, strength in innovation, and leadership position in these businesses, with Funai's strong presence in North and Central America - and Japan, and its supply and manufacturing expertise.
ENGADGET: Philips sells off its Hi-Fi and DVD business to Funai for $201 million
Its latest divestments will not happen immediately - its audio business will pass to Funai in the latter half of this year, while the transfer of its video business will not take place until 2017.
Under the terms, Funai will pay a cash consideration of EUR 150 million and a brand license fee, relating to a license agreement for an initial period of five and a half years, with an optional renewal of five years.
ENGADGET: Philips sells off its Hi-Fi and DVD business to Funai for $201 million
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