Mukesh Ambani's Make-in-India plan for electronics

Mukesh Ambani's Make-in-India plan for electronics
Mukesh Ambani. Source: www.ril.com
Source: Twitter/@relianceindltd

Reliance Strategic Business Ventures Limited, a subsidiary of Reliance Industries Limited, and Sanmina Corporation, a US-based manufacturing firm, have agreed to form a manufacturing joint venture to produce electronics in India, supporting the government's 'Make in India' initiative.

The introduction of a new joint venture comes as part of Prime Minister Narendra Modi's signature PLI (Production-Linked Incentive) scheme, which offers incentives to both domestic and foreign enterprises to manufacture products in India.