Friday, 24 March, 2023

Sanmina Corporation and Reliance Industries' Unit Finalised Joint Venture for Telecom Equipment

<p>US-based Sanmina and Reliance Strategic Business Ventures (RSBVL), a fully owned subsidiary of Reliance Industries (RIL), announced that the previously announced joint venture (JV) agreement had been completed. The RIL arm had announced in March that it would invest Rs 1,670 Cr&nbsp;to form an electronics manufacturing joint venture with Sanmina, which can mainly build 4G and 5G telecom equipment for domestic and international markets.</p>