Jaykay Enterprises Limited has completed the execution of MoU on December 09, 2023 with Philips Machine Tools India Private Limited, a subsidiary of Philips Corporation, USA, with an intent to synergistically expand each other business pan India and in Global markets. The MoU allows parties to discuss and mutually agree the terms of setting up a Joint Venture LLP (Limited Liability Partnership) within 3 months of the execution of this MoU. The Joint Venture aims at the following: To participate in supply & installation of manufacturing systems & accessories in India & global locations as parties may decide.

To explore possibilities of setting up of a manufacturing facility for supply into Philips Corp. Machine tools supply chain of machines systems & accessories. To explore possibilities of setting up of an Industry 4.0 Consulting & manufacturing systems.