RIL arm partners with Sanmina, to invest Rs 1670-crore to make 4G, 5G equipment

NEW DELHI: Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), and US-based Sanmina Corporation on Tuesday said that the companies have completed the previously announced joint venture transaction.

Earlier in March, the RIL arm had said that the company will invest Rs 1670 crore to form an electronics manufacturing JV with Sanmina, which will mainly produce 4G and 5G telecom equipment for local and overseas markets.

“The day-to-day business will continue to be managed by Sanmina’s management team in Chennai, which will be seamless from an employee and customer perspective,” a joint statement said Tuesday.