India, Oct. 14 -- Adani Enterprises and US-based manufacturing company Jabil have signed a non-binding memorandum of understanding (MoU) to establish a proposed 50:50 joint venture (JV) to manufacture and assemble artificial intelligence (AI) and data centre equipment in India.

Announced on 13 October 2026, the proposed venture would cover AI racks, servers, storage and networking equipment, alongside power distribution and cooling systems. It is expected to have multi-gigawatt AI rack manufacturing capacity and serve data centre operators, hyperscalers, enterprises and other AI infrastructure providers in India and overseas.

The agreement builds on the companies' announcement in June 2026 of plans to develop an AI and data centre infra...