Adani Enterprises and US-based Jabil Inc. have signed a non-binding memorandum of understanding to set up a 50:50 joint venture to manufacture and assemble AI data centre infrastructure in India, a move that positions the country for a much larger role in the global AI supply chain.
The MoU, signed on Tuesday, October 13, 2026, covers a multi-gigawatt manufacturing platform for AI racks, servers, storage, networking equipment, power distribution units, liquid-cooling systems and transformers. The venture will serve hyperscalers, cloud providers and data-centre operators, both in the domestic market and for export.
The announcement follows the alliance the two companies announced in June 2026, and takes that partnership to a formal next step with a dedicated joint venture structure. The equal shareholding underlines the strategic nature of the arrangement for both sides.
Gautam Adani and Jabil CEO Mike Dastoor confirmed the move, lending the top management’s backing to what is expected to be a long-term manufacturing play. The JV targets the full hardware stack that powers AI data centres, from compute racks to the liquid-cooling systems increasingly essential for high-density AI workloads.
The timing is significant. Demand for AI infrastructure is surging worldwide, and India has been positioning itself as an alternative manufacturing base for electronics and data centre hardware. A domestic platform of this scale could cut import dependence for data centre operators building capacity in the country, while also opening an export channel.
For Adani Enterprises, the venture adds to its growing presence across energy, infrastructure and now advanced manufacturing linked to the AI economy. The group’s data centre ambitions are well known, and local manufacturing of the hardware that goes into those facilities is a logical extension.
For Jabil, a US manufacturing services major, the partnership offers a foothold in one of the fastest-growing markets for data centre build-out, with India emerging as a destination for hyperscaler investment. The joint venture structure with a domestic partner is a familiar route for global manufacturers entering the Indian market.
Industry watchers will now look for the next milestones: the signing of definitive agreements following the non-binding MoU, clarity on plant locations and investment outlay, and a timeline for production. The companies have not yet disclosed these details.
What is clear from the October 13 announcement is the intent — a 50:50 venture, a multi-gigawatt platform, and a product range covering nearly the entire data centre hardware ecosystem. As AI adoption accelerates across enterprises and governments, manufacturing that hardware closer to where data centres are being built could become a decisive competitive edge.
With Gautam Adani and Mike Dastoor both confirming the move, the venture now moves from a June alliance announcement to a concrete joint-venture structure. Its customers — hyperscalers, cloud providers and data-centre operators, domestic and export — represent the fastest-growing segment of global technology spending, and the October 13 MoU puts India firmly in the frame as a manufacturing base for it.
