On Tuesday, Sanmina Corporation, an integrated manufacturing solutions company, and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced the completion of their joint venture transaction.

The joint venture (JV) will create India’s world-class electronic manufacturing hub. The said hub would be in line with Prime Minister Narendra Modi’s ‘Make in India’ vision. Reportedly, the manufacturing activity would occur at Sanmina’s Chennai campus. It has the ability for site expansion to support future growth opportunities and potentially expand to new manufacturing sites in India over time based on business needs.

The joint venture will prioritise high technology infrastructure hardware for growth markets and across industries such as communications networking (5G, cloud infrastructure, hyper-scale data centres), medical and healthcare systems, industrial and cleantech, and defence and aerospace.

The companies said that the joint venture would create a state-of-the-art Manufacturing Technology Center of Excellence, likely to serve as an incubation centre to support the product development and hardware startup ecosystem in India. It would also promote research and innovation of leading-edge technologies.

Headquartered in San Jose, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, cloud solutions, defence, medical, industrial, and automotive markets. Founded in 1980, the company has nearly 80 manufacturing sites. It is one of the world’s largest independent manufacturers of printed circuit boards and backplanes.