Rajkot based Jyoti CNC Automation is expected to invest Rs 250 crore for
expansion of its manufacturing capacity and introduction of new product range in
three years.
The company, which had acquired France-based Huron Graffenstaden, will
upgrade the technology to manufacture CNC machines for international market.
Jyoti will manufacture parts in India and assemble it in France for hi-tech
machinery.
With this expansion, its production capacity is likely to be raised from
1,500 to 5,000 units per annum.