Reliance-Mukesh Ambani

Photo: Tribune India

Reliance & Sanmina Form Joint Venture For Electronics Manufacturing In India

The US based Sanmina Group has formed a Joint Venture with Reliance Industries for electronics manufacturing in India. In addition, Reliance Industries would reportedly invest Rs 16.7 billion for the deal. The project will deliver hardware for 5G communications, cloud infrastructure, healthcare systems, clean technology, defense and aerospace. Notably, Reliance will hold a 50.1% stake in the joint venture after the investment. 

Thu, 03 Mar 2022 - 03:28 PM / by Shaloo Priya

Tags: business, World news, Reliance India, Sanmina JV, Electronics manufacturing

Courtesy: Reuters