The Andhra Pradesh government has approved two major investments by the Raymond Group worth Rs 940 crore, focusing on aerospace and automotive components manufacturing.
These investments fall under the state’s Industrial Development Policy 4.0 (2024–29) and are projected to generate around 5,500 direct employment in Sri Sathya Sai district. The approvals mark a significant step in the state’s efforts to boost industrial growth and attract large-scale investments in key sectors. The government emphasised that these investments would enhance the region's industrial ecosystem and contribute to economic development.
The strategic importance of these projects is in line with Andhra Pradesh’s vision for industrial expansion and employment creation over the coming years.