Jyoti CNC Automation secures MeitY approval for ₹1,020.65 crore capex
after close1 source ↓written by the desknot a recommendation
- capital investment
- ₹1,020.65 crore
- on approved expenditures
- 25% incentive
Jyoti CNC Automation received approval from the Ministry of Electronics and Information Technology (MeitY) for a ₹1,020.65 crore capital investment. This funding will enhance manufacturing capacity and establish backward-integrated facilities for electronic components over five years. The investment aligns with the Electronic Components Manufacturing Scheme, qualifying the company for a 25% incentive on approved expenditures. 📈
Not investment advice. For informational purposes only.