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- The Memorandum of Understanding (MoU) sets out a proposed joint venture (JV) between Jabil and Adani for building a multi-gigawatt AI infrastructure platform in India \u2014 spanning AI racks, servers, networking, power and cooling systems.<\/i><\/b><\/li>\n
- The proposed JV aims to serve India\u2019s accelerating data center demand, with industry forecasts projecting capacity of 5\u20138 GW by 2030 and more than $50 billion in planned hyperscaler spending across data center, cloud and AI ecosystems.<\/i><\/b><\/li>\n
- The companies estimate the global market opportunity at more than $3 trillion over the next seven years, as investment in AI compute infrastructure continues to surge.<\/i><\/b><\/li>\n
- Once established, the JV would serve the world\u2019s leading AI ecosystem players \u2014 from hyperscalers and neoclouds to data center operators and enterprises \u2014 with infrastructure Made-in-India for India and for the world.<\/i><\/b><\/li>\n<\/ul>\n
NEW DELHI, India & ST. PETERSBURG, Fla.–(BUSINESS WIRE<\/a>)–
\nAdani Enterprises Limited (AEL), the flagship company of the Adani Group, and Jabil Inc.<\/a> (NYSE: JBL), a global engineering, supply chain and manufacturing company, have signed a non-binding Memorandum of Understanding (MoU) setting out the framework for a proposed 50:50 joint venture to manufacture and assemble artificial intelligence (AI) and data center equipment in India.<\/p>\nThis press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261013719250\/en\/<\/a><\/p>\n
![\"Mr.](\"https:\/\/mms.businesswire.com\/media\/20261013719250\/en\/2932141\/4\/adani-enterprises-jabil-sign-mou.jpg\")
<\/p>\nMr. Gautam Adani, Chairman, Adani Group (left), and Mr. Mike Dastoor, CEO, Jabil (right). The companies have signed a non-binding MoU setting out the framework for a proposed 50:50 joint venture to manufacture and assemble artificial intelligence and data center equipment in India.<\/p>\n<\/div>\n
\nThe proposed joint venture remains subject to execution of definitive agreements and satisfaction of applicable approvals and customary conditions.<\/p>\n
\nThe MoU follows the June 2026 announcement<\/a> of Adani Group and Jabil\u2019s intent to establish a strategic alliance to develop an AI and data center infrastructure manufacturing ecosystem in India.<\/p>\n
\nMr. Gautam Adani, Chairman, Adani Group, said: \u201cThe AI revolution will demand far more than just breakthroughs in algorithms. It will require an entire new industrial architecture where energy, hyperscale infrastructure, advanced computing and precision manufacturing converge to power the intelligence economy.\u201d<\/p>\n
\n\u201cAt Adani, our vision is to expand up the AI value chain evolving from powering and hosting AI infrastructure to engineering and manufacturing the critical systems that will define the next generation of computing.\u201d<\/p>\n
\n\u201cOur proposed joint venture with Jabil marks a strategic step towards this future, combining Jabil\u2019s world-class engineering and manufacturing capabilities with Adani\u2019s integrated strengths in energy, infrastructure and data centers to help build the physical backbone of the global AI economy.\u201d<\/p>\n
\nMr. Mike Dastoor, Chief Executive Officer (CEO), Jabil Inc., said: \u201cThe signing of this MoU is the next step forward in our shared efforts to establish a scaled AI infrastructure manufacturing platform in India, a market we believe will become increasingly important for both domestic and global AI infrastructure demand. Integrating Jabil\u2019s 60 years of engineering and manufacturing expertise with Adani\u2019s significant infrastructure and energy capabilities, we can bring our rack-level data center solutions to more hyperscalers in India and around the world. We look forward to building on the work we started together in June.\u201d<\/p>\n
Manufacturing AI Hardware in India<\/b><\/p>\n
\nThe joint venture would manufacture and assemble AI racks, servers, storage and networking equipment used in data centers. The racks would house high-performance computing systems for AI applications and other digital services.<\/p>\n
\nThe portfolio would also include equipment required to power and cool these systems, including power distribution units, liquid-cooling systems and transformers.<\/p>\n
\nThe venture is expected to have multi-gigawatt AI rack manufacturing capacity, supporting computing systems with a combined power capacity of several gigawatts. It would also provide installation and commissioning services.<\/p>\n
India\u2019s Data Center Opportunity<\/b><\/p>\n
\nIndia\u2019s data center capacity is projected to reach 5\u20138 gigawatts (GW) by 2030, driven by AI adoption, cloud expansion and data localization.<\/p>\n
\nThe venture would provide a manufacturing base in India to serve domestic demand and support exports. The companies estimate the global market opportunity at more than $3 trillion over the next seven years, driven by investment in AI computing.<\/p>\n
\nThe Digital Personal Data Protection Act, 2023, provides a framework for personal data protection. This legal safeguard, complemented by the Union Budget 2026 tax holiday for data centers until 2047, is expected to support investment in domestic data infrastructure.<\/p>\n
\nThe venture is aligned with Adani Group\u2019s $100 billion commitment to develop 5 GW of green-energy-powered, hyperscale AI-ready data centers by 2035. The proposed venture would add hardware manufacturing to the Group\u2019s presence across infrastructure, energy, logistics and data centers.<\/p>\n
\nFor Jabil, which reported $36 billion in revenue in fiscal year 2026, the venture would expand its engineering and manufacturing footprint in India\u2019s data center market. The company has also expanded its data center capabilities through the acquisition of Hanley Energy Group<\/a>, which provides critical power and energy management solutions, and Mikros Technologies<\/a>, which specializes in liquid-cooling solutions for high-performance computing systems.<\/p>\n
FORWARD-LOOKING STATEMENTS<\/b><\/p>\n
\nThis release contains forward-looking statements, including those regarding the potential strategic collaboration with Adani Group. The statements in this release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Forward-looking statements could be affected by the following factors, among others, related to the potential alliance: the occurrence of any event, change or other circumstances that could give rise to the termination of work on the alliance, including the possibility of not being able to satisfactorily negotiate and execute a binding agreement regarding the collaboration; unexpected costs or unexpected liabilities that may arise from the potential alliance; the impact of changes in economic, market, political or social conditions; and future regulatory or legislative actions that could adversely affect the parties. Additional factors that could cause such differences can be found in Jabil\u2019s Annual Report on Form 10-K for the fiscal year ended August 31, 2025 and Jabil\u2019s other filings with the Securities and Exchange Commission. Jabil assumes no obligation to update these forward-looking statements.<\/p>\n
About Adani Group:<\/b><\/p>\n
\nHeadquartered in Ahmedabad, India, Adani Group is one of India’s largest integrated infrastructure conglomerates with interests in Resources, Logistics, Energy, Agro, Real Estate, Public Transport Infrastructure, Consumer Finance, and Defence. Driven by its core philosophy of \u2018Nation Building\u2019 and \u2018Growth with Goodness\u2019, the Group is committed to sustainable development and regional transformation. Further information at www.adani.com<\/a>.<\/p>\n
About Jabil<\/b>:<\/p>\n
\nAt Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With 60 years of experience across industries and a vast network of over 120 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com<\/a>.<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261013719250\/en\/<\/a><\/span><\/p>\n
Media Contacts
\n<\/b>
For Adani Group
\n<\/i><\/b>
Roy Paul
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roy.paul@adani.com<\/a><\/p>\nFor Jabil
\n<\/i><\/b>
Timur Aydin
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Senior Director, Enterprise Marketing and Communications
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publicrelations@jabil.com<\/a><\/p>\nKEYWORDS:<\/b> Florida United States India North America Asia Pacific<\/p>\n
INDUSTRY KEYWORDS:<\/b> Technology Other Manufacturing Semiconductor Alternative Energy Engineering Energy Transport Other Technology Telecommunications Logistics\/Supply Chain Management Manufacturing Software Networks Hardware Electronic Design Automation Data Management Artificial Intelligence<\/p>\n
- The proposed JV aims to serve India\u2019s accelerating data center demand, with industry forecasts projecting capacity of 5\u20138 GW by 2030 and more than $50 billion in planned hyperscaler spending across data center, cloud and AI ecosystems.<\/i><\/b><\/li>\n
![\"Photo\"](\"https:\/\/mms.businesswire.com\/media\/20261013719250\/en\/2932141\/3\/adani-enterprises-jabil-sign-mou.jpg\")
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