India dominates the field of software all over the world. But now in the field of hardware also, India is moving forward in the process of becoming a big manufacturing hub. Reliance company is busy in speeding up this dream of India. In fact, Reliance has also announced to make India a world-class manufacturing hub. For which Reliance is going to invest Rs 1670 crore. Reliance Industries has also partnered with Sanmina Corporation. Reliance is also going to work with Sanmina towards 5G, data center, clout and IT. This will give a boost to the Make in India electronic hardware sector and develop an eco-system of product development and hardware start-ups.
Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL) and Sanmina Corporation have also announced the creation of a joint venture to create an electronic hub in India. Reliance has also announced to invest Rs 1670 crore in the current Indian unit of Sanmina. Reliance will hold a 50.1 per cent stake in the joint venture. While the management is going to be in the hands of the current team of Sanmina.
In which sector will it be less:-
5G Cloud Infrastructure Hyperscale Datacenter health system industrial Defence and Aerospace High Technology Hardware Manufacturing Technology Center of Excellence': RSBVL is also set to have a 50.1% equity stake in the joint venture unit, while the remaining 49.9% is going to remain with Sanmina. RSBVL is going to acquire this ownership mainly through investments of up to Rs 1,670 crore in new fractions in Sanmina's existing Indian unit. This investment is going to help Sanmina grow her business. All the construction is initially said to be in the 100-acre complex of The Sanmina in Chennai. They can also be expanded in the future.
Reliance Jio Director Akash Ambani said that self-reliance in electronics manufacturing of telecom, IT, data centre, cloud, 5G, new energy and other industries is essential as we move forward in a new digital economy. Through this partnership, we plan to promote innovation and talent in India while meeting indian and global demand.
Uproar in Eveready company, MD and Chairman resign
License of this bank has been cancelled, depositors will get 5 lakh rupees!