Jabil and Adani plan 50:50 joint venture for AI hardware in India

What happened

Reported on October 13, 2026: Jabil and Adani Enterprises have signed a non-binding memorandum of understanding (MoU) to form a 50:50 joint venture that would manufacture AI racks, servers and data centre equipment in India, with a manufacturing capacity target of several gigawatts. The proposed joint venture would manufacture and assemble AI racks, servers, storage and networking equipment, as well as the systems needed to power and cool them, including power distribution units, liquid cooling systems and transformers, and would also provide installation and commissioning; its rack manufacturing capacity is expected to support computing systems with a combined power capacity of several gigawatts. The joint venture still depends on definitive agreements being signed and on the necessary approvals. It follows the strategic alliance the two companies announced in June to build up manufacturing of AI and data centre infrastructure in India. The venture is meant to serve the Indian market and support exports; the source states India's data centre capacity is expected to reach 5–8 gigawatts by 2030, and the companies put the global market opportunity in AI computing infrastructure at more than USD 3 trillion over the next seven years. For Adani, the project fits into a planned USD 100 billion investment in 5 gigawatts of AI-ready data centres powered by renewable energy by 2035; for Jabil, which reported revenue of USD 36 billion for fiscal year 2026, the joint venture would expand its presence in the Indian data centre market, following recent acquisitions of Hanley Energy Group (power and energy management) and Mikros Technologies (liquid cooling).

Impact and signal

Affected components and suppliers

Source and time

Source: Evertiq · 10/13/2026 · View original source