# Jaykay Enterprises signs MoU with Philips Machine Tools for joint venture

Jaykay Enterprises Limited signed a memorandum of understanding with Philips Machine Tools India Private Limited on December 9, 2023, to form a joint venture LLP for supplying and installing manufacturing systems and accessories, and potentially establishing a manufacturing facility in India.

- Type: Partnership
- Announced: 2023-12-09
- Where: India
- Status: announced
- Products: manufacturing systems, machine tools, accessories
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Jaykay Enterprises Limited](https://endata.com/companies/74331.md) (partner)
- [Philips Machine Tools India Private Limited](https://endata.com/companies/74332.md) (partner)

## Sources

- [newsonprojects.com](https://www.newsonprojects.com/news/jaykay-enterprises-ltd-signs-mou-with-philips-machine-tools-india-pvt-ltd), 2023-12-11: "The MoU establishes a framework for the parties to engage in discussions and reach mutual agreements on the terms of setting up a Joint Venture Limited Liability Partnership (LLP) within three months of the MoU's execution."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.