Vijayawada, Oct. 15 -- In a major stride for Andhra Pradesh's industrial resurgence, the Government has cleared two landmark investments from the Raymond Group worth Rs1,000 crore under the Industrial Development Policy 4.0 (2024-29).
The twin projects, spanning aerospace and automotive components manufacturing, will generate over 5,400 direct jobs in Sri Satya Sai District, cementing the State's leadership in advanced manufacturing.
This marks Andhra Pradesh's first aerospace investment under the new Aerospace policy, signaling the state's bold move into the high-technology frontier. The approvals were formalised through G.O. Ms. No. 196 and G.O. Ms. No. 197 issued by the Industries and Commerce Department, alongside a special incentive ...