03-03-2022 09:16 AM | Source: Reuters
Reliance ties up with Sanmina for electronics manufacturing in India
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BENGALURU - 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.
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