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Business News/ Companies / News/ 'Make in India': Reliance ties up with Sanmina for electronics manufacturing

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'Make in India': Reliance ties up with Sanmina for electronics manufacturing

1 min read 03 Mar 2022, 09:11 AM IST Join us

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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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