Sanmina Corporation (Sanmina) and Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Reliance Industries (RIL) have entered into a pact to create a joint venture (JV) through an investment in Sanmina’s existing Indian entity Sanmina SCI India.
This partnership will leverage Sanmina’s 40 years of advanced manufacturing experience and Reliance’s expertise and leadership in the Indian business ecosystem. The joint venture will create a world-class electronic manufacturing hub in India.
The joint venture will prioritize 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 defense and aerospace.
In addition to supporting Sanmina’s current customer base, the JV will create a state-of-the-art ‘Manufacturing Technology Center of Excellence’ that will serve as an incubation center to support the product development and hardware start-up ecosystem in India, as well as promote research and innovation of leading-edge technologies.
RSBVL will hold 50.1 percent equity stake in the joint venture (JV) entity with Sanmina owning the remaining 49.9 percent.