Category: Light Engineering
Jyoti CNC, a Rajkot based manufacturer of CNC machines has bought France-based Huron Graffenstaden for a sum of Rs.1500 million in 2007. However, recession intervened to make any serious progress in global markets. Now the company is planning to invest Rs. 2500 million to expand its manufacturing plant here and plans to assemble in France. Its R&D and access to lucrative European markets where there is a price different of 70-80% from India will help the company to gain advantage.