RIL: Reliance Industries Subsidiary and Sanmina Corporation Finalize Telecom Equipment Venture Capital Deal | Techno Glob

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

The RIL branch had said in March that it would invest ₹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.

“Day-to-day operations will continue to be managed by Sanmina’s management team in Chennai, who will be transparent from the perspective of employees and customers,” a joint statement said on Tuesday.

The joint venture will create an electronics manufacturing hub in India, in line with the hub’s “Make in India” vision.


The joint venture will prioritize high-tech infrastructure hardware for growing markets and in sectors such as communication networks (5G, cloud infrastructure, hyperscale data centers), medical and healthcare systems, industrial technologies and clean, defense and aerospace, the statement said.

The two companies will also establish a Center of Excellence in Manufacturing Technology, which will serve as an incubation center to support India’s product development and hardware startup ecosystem, as well as promote research and innovation from advanced technologies.

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

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