’Make in India’: Reliance ties up with Sanmina for electronics manufacturing
Reliance unit will invest 16.7 billion rupees ($220.86 million) in new shares of Sanmina's existing Indian entity
Indian conglomerate Reliance Industries said on Thursday it would create a joint venture with U.S.-listed Sanmina Corp to manufacture electronics in the Asian country.
A Reliance unit will invest 16.7 billion rupees ($220.86 million) in new shares of Sanmina's existing Indian entity, giving it a 50.1% stake in the joint venture.
More details awaited
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MoreLessFirst Published:3 Mar 2022, 09:15 AM IST
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