Joint Venture Supports “Make in India” initiative for State-of-the-Art Electronics Hardware 

Mumbai: Sanmina Corporation (Sanmina) (NASDAQ:  SANM), a leading integrated manufacturing solutions company and Reliance Strategic Business  Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India’s largest private sector company, today announced they have completed the previously announced joint venture transaction.  

This partnership will leverage Sanmina’s 40 years of advanced manufacturing experience and  Reliance’s expertise and leadership in the Indian business ecosystem. The day-to-day business  will continue to be managed by Sanmina’s management team in Chennai, which will be  seamless from an employee and customer perspective. 

The joint venture will create a world-class electronic manufacturing hub in India, in line with the  Hon’ble Prime Minister’s “Make in India” vision. The joint venture will prioritize high technology  infrastructure hardware, for growth markets, and across industries such as communications  networking (5G, cloud infrastructure, hyperscale datacenters), medical and healthcare systems, 

industrial and cleantech, and defense and aerospace. In addition to supporting Sanmina’s  current customer base, the joint venture will create a state-of-the-art ‘Manufacturing Technology  Center of Excellence’ that will serve as an incubation center to support the product development  and hardware start-up ecosystem in India, as well as promote research and innovation of  leading-edge technologies.  

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

DeshGujarat