RIL, Sanmina has finalized a JV to set up a manufacturing hub in India. | So Good News


An integrated manufacturing solutions company Sanmina Corporation versus Reliance Strategic Business Ventures Limited (RSBVL) is a wholly owned subsidiary. Rely on Industries Limited (RIL) on Tuesday announced the completion of their joint venture.

The joint venture will create a world-class electronics manufacturing hub in India, in line with Prime Minister Narendra Modi’s ‘Make in’; India‘View.

All manufacturing will take place at Sanmina’s 100-acre campus in Chennai, which will support future growth opportunities and expand over time to new manufacturing locations in India based on business needs, the companies said. Statement.

Day-to-day operations will continue to be managed by Sanmina’s management team in Chennai.

The joint venture will develop high-tech infrastructure hardware; for growth markets and telecommunications networks (5G, cloud infrastructure, hyperscale data centers); medical and health care systems; industrial and sanitary technology; Industries such as defense and aerospace will be prioritized.

“Apart from supporting Sanmina’s existing customers, the joint venture will create a state-of-the-art ‘Manufacturing Technology Center’ that will serve as an incubating center to support the product development and hardware startup ecosystem in India. It will promote research and innovation of leading edge technologies,” the companies said.

Sanmina is a telecommunications network; cloud solutions; industry, defense Providing superior quality and support in the medical and automotive markets. Sanmina

Currently ranked 104th, Reliance is the largest private sector company from India to feature in Fortune’s Global 500 list by 2022.

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