New Delhi [India], October 4 (ANI): Manufacturing solutions company Nasdaq-listed Sanmina Corporation (Sanmina) and Reliance Strategic Business Ventures (RSBVL) in a joint statement said on Tuesday that they completed the previously announced joint venture transaction.
Sanmina and RSBVL, a wholly-owned subsidiary of Reliance Industries, had in March inked an agreement to create a joint venture through investment in Sanmina’s existing Indian entity (Sanmina SCI India).
The JV, which will focus on manufacturing fourth-generation mobile system (4G) and 5G hardware, will serve both domestic and export markets. The statement said that the partnership would leverage Sanmina’s 40 years of advanced manufacturing experience and Reliance’s…
ANI |
Updated: Oct 04, 2022 12:44 IST
