Apple supplier Jabil and India's Adani Enterprises said on Tuesday they had signed a non-binding agreement outlining the framework for a proposed 50:50 joint venture to manufacture and assemble AI and data center equipment in India.
The venture would manufacture AI racks, servers, storage and networking equipment for data centres, the companies said
It would also make equipment used to power and cool AI systems, including power distribution units, liquid-cooling systems and transformers
The proposed venture is expected to have a multi-gigawatt AI rack manufacturing capacity, the companies added
India's data center capacity is projected to reach between 5GW and 8GW by 2030
The move formalizes a June announcement that Jabil and Adani would explore creating an AI and data center infrastructure manufacturing platform in India
Jabil, which makes components for Apple, expects fiscal 2027 revenue of $44.5 billion and annual adjusted earnings per share of $17.55
