The joint venture will create an electronic manufacturing hub in India and will prioritise high technology infrastructure hardware, for growth markets, and across industries
Sanmina Corporation, a leading integrated manufacturing solutions company, and Reliance Strategic Business Ventures Ltd. (RSBVL), a wholly-owned subsidiary of Reliance Industries Ltd. (RIL), have entered into an agreement to create a joint venture through investment in Sanmina’s existing Indian entity Sanmina SCI India Private Ltd. (SIPL). The day-to-day business will continue to be managed by Sanmina’s existing management team in Chennai, which will be seamless from an employee and customer perspective. The joint venture will create an electronic manufacturing hub in India and will prioritise high technology infrastructure hardware, for growth markets, and across industries such as communications networking (5G, cloud infrastructure, hyperscale datacenters), medical and healthcare systems, industrial and cleantech, and defence and aerospace. In addition to supporting Sanmina’s current customer base, the joint venture will create a ‘Manufacturing Technology Center of Excellence that will serve as an incubation centre to support the product development and hardware start-up ecosystem in India, as well as promote research and innovation of leading-edge technologies
USA / India