Reliance Strategic Business Ventures (RSBVL), a wholly owned subsidiary of Reliance Industries (RIL) and US-based Sanmina said on Tuesday that they have completed the previously announced joint venture agreement.

The RIL arm said in March that it will invest Rs 1,670 crore to form an electronics manufacturing joint venture with Sanmina, which will mainly produce 4G and 5G telecom equipment for local and overseas markets.

“The day-to-day business will continue to be managed by the Sanmina management team in Chennai, which will be seamless from an employee and customer perspective,” a joint statement said on Tuesday.

The joint venture will create an electronics manufacturing hub in India, in line with the vision of the ‘Make in India’ Centre.

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The JV company will prioritize high-tech infrastructure hardware for growth markets and sectors such as communications networks (5G, cloud infrastructure, hyperscale data centers), medical and healthcare systems, industry and clean technology, defense and aerospace.

The two companies will also create a manufacturing technology center of excellence, which will serve as an incubation center to support product development and the hardware startup ecosystem in India, as well as promote research and innovation in cutting-edge technologies.

All manufacturing will take place at Sanmina’s 100-acre campus in Chennai, with the ability to expand the site to support future growth opportunities, as well as potentially expand to new manufacturing sites in India over time based on business needs.



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