Reliance, Sanmina completes JV – For a manufacturing center in TN

Reliance Industries, through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL), announced earlier this year that it was investing Rs 1,670 crore (US$221 million) to create a joint venture with American company Sanmina Corp to manufacture electronic products. in Chenai. Today, the two companies announced that they have completed the JV transaction.

This partnership aims to leverage Sanmina’s 40 years of advanced manufacturing experience and Reliance’s expertise and leadership in the Indian business ecosystem. The manufacturing center will manufacture, among others, hardware for 5G communications, cloud infrastructure, healthcare and defense systems, and aerospace. Day-to-day business will continue to be handled by Sanmina’s management team in Chennai, which will be seamless from an employee and customer perspective.

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