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Jabil Signs Memorandum of Understanding with Gujarat State Government

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Jabil (NYSE: JBL) has signed a Memorandum of Understanding (MoU) with the Gujarat state government, following a similar agreement with Tamil Nadu in September 2024. The non-binding agreement enables Jabil to explore expansion opportunities in India, particularly in the Intelligent Infrastructure segment, which includes cloud, compute, storage, networking, and data center infrastructure capabilities. The company aims to support increasing demands of cloud and AI data center growth through investments in silicon photonics products, liquid cooling solutions, and expanded server portfolio. The expansion also presents opportunities for Jabil's automotive and transportation industry customers to consider manufacturing in India.

Jabil (NYSE: JBL) ha firmato un Memorandum of Understanding (MoU) con il governo dello stato del Gujarat, dopo un accordo simile con il Tamil Nadu nel settembre 2024. Questo accordo non vincolante consente a Jabil di esplorare opportunità di espansione in India, in particolare nel settore delle Infrastrutture Intelligenti, che comprende capacità di cloud, calcolo, archiviazione, networking e infrastruttura dei data center. L'azienda punta a sostenere l'aumento della domanda di crescita dei data center cloud e AI attraverso investimenti in prodotti di fotonica al silicio, soluzioni di raffreddamento liquido e un portafoglio server ampliato. L'espansione offre anche opportunità per i clienti di Jabil nel settore automobilistico e dei trasporti di considerare la produzione in India.

Jabil (NYSE: JBL) ha firmado un Memorando de Entendimiento (MoU) con el gobierno del estado de Gujarat, tras un acuerdo similar con Tamil Nadu en septiembre de 2024. Este acuerdo no vinculante permite a Jabil explorar oportunidades de expansión en India, especialmente en el sector de Infraestructura Inteligente, que incluye capacidades de nube, computación, almacenamiento, redes e infraestructura de centros de datos. La empresa busca apoyar el aumento de la demanda de crecimiento de centros de datos de nube e inteligencia artificial mediante inversiones en productos de fotónica de silicio, soluciones de enfriamiento por líquido y un portafolio de servidores ampliado. La expansión también presenta oportunidades para que los clientes de Jabil en la industria automotriz y del transporte consideren la fabricación en India.

Jabil (NYSE: JBL)은 구자라트 주 정부와 양해각서(MoU)를 체결하였으며, 이는 2024년 9월 타밀나두와의 유사한 협정에 따른 것입니다. 이 비구속적 협정은 Jabil이 인도에서의 확장 기회를 탐색할 수 있도록 하며, 특히 지능형 인프라 부문에 중점을 두고 클라우드, 컴퓨팅, 저장, 네트워킹, 데이터 센터 인프라 역량이 포함됩니다. 회사는 실리콘 포토닉스 제품, 액체 냉각 솔루션 및 확장된 서버 포트폴리오에 대한 투자를 통해 클라우드 및 AI 데이터 센터의 성장에 대한 증가하는 수요를 지원하고자 합니다. 또한, 이 확장은 Jabil의 자동차 및 운송 산업 고객이 인도에서 제조를 고려할 수 있는 기회를 제공합니다.

Jabil (NYSE: JBL) a signé un Memorandum of Understanding (MoU) avec le gouvernement de l'État du Gujarat, suite à un accord similaire avec le Tamil Nadu en septembre 2024. Cet accord non contraignant permet à Jabil d'explorer des opportunités d'expansion en Inde, notamment dans le secteur des infrastructures intelligentes, qui comprend des capacités de cloud, de calcul, de stockage, de mise en réseau et d'infrastructure de centres de données. L'entreprise vise à soutenir la demande croissante de la croissance des centres de données cloud et d'IA grâce à des investissements dans des produits de photonique au silicium, des solutions de refroidissement liquide et un portefeuille de serveurs élargi. L'expansion offre également des opportunités pour les clients de Jabil dans les secteurs de l'automobile et du transport de considérer la fabrication en Inde.

Jabil (NYSE: JBL) hat ein Memorandum of Understanding (MoU) mit der Regierung des Bundesstaates Gujarat unterzeichnet, nach einem ähnlichen Abkommen mit Tamil Nadu im September 2024. Die unverbindliche Vereinbarung ermöglicht es Jabil, Expansionsmöglichkeiten in Indien zu erkunden, insbesondere im Segment der Intelligenten Infrastruktur, welches Cloud-Computing, Speicherung, Netzwerktechnologie und Datenzentrum-Infrastruktur umfasst. Das Unternehmen zielt darauf ab, die steigenden Anforderungen des Wachstums von Cloud- und KI-Datenzentren durch Investitionen in Siliziumphotonikprodukte, Flüssigkeitskühlungslösungen und ein erweitertes Serverportfolio zu unterstützen. Die Expansion bietet auch Chancen für Jabils Kunden in der Automobil- und Transportindustrie, die Fertigung in Indien in Betracht zu ziehen.

Positive
  • Strategic expansion into India through two state-level agreements
  • Investment in next-generation technologies for cloud and AI data center growth
  • Potential expansion into automotive and transportation manufacturing
Negative
  • Non-binding nature of the MoU indicates no firm commitments

Insights

The MoU signing with Gujarat state, following a similar agreement in Tamil Nadu, signals Jabil's strategic push into India's manufacturing sector. While non-binding, these agreements position Jabil to capitalize on India's growing role in global supply chains, particularly in intelligent infrastructure and automotive sectors.

The expansion aligns with two significant market trends: India's emergence as a manufacturing hub amid supply chain diversification away from China and the increasing demand for AI data center infrastructure. The focus on silicon photonics and liquid cooling solutions indicates Jabil's readiness to serve the high-growth cloud computing and AI sectors.

However, as these are preliminary agreements without specific investment commitments or timelines, the immediate financial impact remains uncertain. The long-term potential depends on successful execution and market conditions in India's evolving manufacturing landscape.

Non-binding agreement allows company to explore expansion opportunities in India

DHOLERA, India--(BUSINESS WIRE)-- Jabil Inc. (NYSE: JBL), a global leader in engineering, manufacturing, and supply chain solutions, today announced it has signed a Memorandum of Understanding (MoU) with the Gujarat state government. The signing took place in Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel.

This agreement follows an MoU signing with the Tamil Nadu state in September 2024. The two MoUs reflect Jabil’s intentions to expand its footprint in India and will allow the company to explore long-term goals, opportunities and support with both states.

Representing Jabil was Fred McCoy, Executive Vice President, Operations. “Jabil is committed to expanding in India to meet and grow with the future needs of our customers in the Intelligent Infrastructure segment, which covers our capabilities across cloud, compute, storage, networking, telecommunications, semiconductor capital equipment, and data center infrastructure, amongst other end-markets,” he said. “The planned expansion also opens up opportunities for Jabil’s customers in the automotive and transportation industry to consider manufacturing in India.”

In recent months, the Intelligent Infrastructure segment has made investments to drive further innovation and support the increasing demands of next-wave cloud and AI data center growth. These include silicon photonics-based products and capabilities, liquid cooling solutions for thermal management, and an expanded server portfolio purpose-built for scalability.

“Beyond attracting foreign direct investments and job creation, this MoU reflects our shared ambitions to pursue sustainable growth and create long-term value. We are excited at this opportunity to work with Jabil to explore new avenues for long-term growth together,” said Gujarat Chief Minister Bhupendra Patel.

In addition to being recognized globally as an employer of choice across a wide variety of career areas, Jabil was recently recognized as one of America's Greenest Companies for 2025 by Newsweek. At Jabil, sustainability is defined as the integration of environmental health, social equity, governance and economic growth to create thriving, healthy, diverse and resilient business operations for employees and the communities in which the company operates.

About Jabil:

At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, manufacturing, and supply chain solutions. With over 50 years of experience across industries and a vast network of over 100 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.

Investor Contact

Adam Berry

Senior Vice President, Investor Relations and Communications

adam_berry@jabil.com

Media Contact

Aileen Han

Director, Enterprise Marketing and Communications

publicrelations@jabil.com

Source: Jabil, Inc.

FAQ

What is the purpose of Jabil's (JBL) MoU with Gujarat state government?

The MoU allows Jabil to explore expansion opportunities in India, particularly in the Intelligent Infrastructure segment, and evaluate long-term goals and support with the state government.

Which sectors will Jabil (JBL) focus on in its Gujarat expansion?

Jabil will focus on Intelligent Infrastructure, including cloud, compute, storage, networking, telecommunications, semiconductor capital equipment, data center infrastructure, and automotive and transportation manufacturing.

When did Jabil (JBL) sign the MoU with Tamil Nadu state?

Jabil signed the MoU with Tamil Nadu state in September 2024.

What recent investments has Jabil (JBL) made in its Intelligent Infrastructure segment?

Jabil has invested in silicon photonics-based products, liquid cooling solutions for thermal management, and an expanded server portfolio for cloud and AI data center growth.

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