Sanmina Corporation and Reliance Strategic Business Ventures Limited have formed a joint venture to enhance high-tech electronics manufacturing in India, supporting the country's 'Make in India' initiative.

Information on the Target

Sanmina Corporation, a prominent integrated manufacturing solutions provider, has announced a joint venture with Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries Limited (RIL). This partnership aims to enhance Sanmina's existing Indian entity, Sanmina SCI India Private Ltd (SIPL), through a substantial investment from RSBVL and a shared commitment to high-tech manufacturing. With over 40 years of advanced manufacturing experience, Sanmina is well-positioned to leverage its expertise alongside Reliance's understanding of the Indian business landscape.

The collaboration seeks to establish a state-of-the-art electronic manufacturing hub in India, aligning with the Indian government's "Make in India" initiative. The joint venture will focus on high-tech infrastructure hardware for sectors including communications networking, healthcare, industrial technology, and defense. The operational management will remain with Sanmina's Chennai team, ensuring continuity for employees and clients alike.

Industry Overview in India

The Indian electronics manufacturing sector is experiencing rapid growth, propelled by increasing domestic consumption and a robust push for self-reliance initiated by the government. The country aims to become a global manufacturin