4 Oct 2022 , 10:22 AM
Sanmina's 40 years of sophisticated manufacturing experience would be combined with Reliance's expertise and strength in the Indian business environment. The day-to-day operations will continue to be overseen by Sanmina's management team in Chennai, ensuring employee and customer continuity.
In keeping with the Hon'ble Prime Minister's "Make in India" vision, the joint venture would establish a world-class electronic manufacturing cluster in India.
The collaboration will target high-tech infrastructure gear for growing markets and industries such as communications networking (5G, cloud infrastructure, hyper scale datacenters), medical and healthcare systems, industrial and cleantech, and defense and aerospace, said the company on Tuesday.
In addition to supporting Sanmina's current customer base, the joint venture will establish a cutting-edge 'Manufacturing Technology Center of Excellence,' which will serve as an incubation centre for India's product development and hardware start-up ecosystem, as well as promote research and innovation of cutting-edge technologies.
The company further highlighted that all manufacturing will take place on Sanmina's 100-acre campus in Chennai, with the option of expanding to meet future development prospects and perhaps expanding to additional manufacturing sites in India over time, depending on business demands.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.