Jyoti CNC Automation secures ₹1,020.65 crore MeitY approval
pre-market1 source ↓written by the desknot a recommendation
- on the approved
- 25% capital expenditure incentive
Jyoti CNC Automation received approval from the Ministry of Electronics and Information Technology for a capital investment of ₹1,020.65 crore. This funding will enhance capacity and establish backward-integrated manufacturing for electronic devices over the next five years.
This move aligns with the Electronic Components Manufacturing Scheme, allowing the company to qualify for a 25% capital expenditure incentive on the approved investments, potentially boosting its operational efficiency.
Not investment advice. For informational purposes only.