The Chandrababu Naidu-led government in Andhra Pradesh is set to approve a major investment proposal from the Raymond Group worth Rs 943 crore to establish aerospace and auto component manufacturing facilities in the state. The two projects, located at Gudipalli and Tekulodu in Anantapur district, are expected to generate over 5,000 jobs.
The first project involves setting up an auto component manufacturing facility at Gudipalli with an investment of Rs 430 crore. The facility is expected to create employment for 4,096 people, and the state government has allocated 30 acres of land for this purpose.
The second proposal comes from JK Maini Global Aerospace, a part of the Raymond Group, which will establish an aerospace manufacturing unit across Gudipalli and Tekulodu. This facility will involve an investment of Rs 510 crore and is projected to generate around 1,400 jobs. The Andhra Pradesh cabinet is expected to approve the allocation of 47.28 acres of land for this project.
The incentives for these investments have been designed under the AP Aerospace and Defence Policy 4.0, which focuses on promoting advanced manufacturing and technology-driven industries. Construction of the facilities is expected to begin in March 2026, with commercial production targeted for May 2027.
JK Maini Precision Technology, a subsidiary of the Raymond Group, was incorporated in 1973 and entered the aerospace sector in 2004. The company specialises in producing machined components, assemblies, and aerospace structures. It operates as a joint venture between Raymond Limited and the Maini Group and was officially launched in August 2025 as part of the group’s expansion into aerospace and defence manufacturing.
The Andhra Pradesh government has introduced several new industrial policies under its Version 4.0 framework, including the AP Industrial Development Policy 4.0, AP MSME and Entrepreneurship Development Policy, Food Processing Policy, and Electronics Policy. These policies are aimed at boosting investments through tailor-made incentives, simplified permissions, speedy clearances, and a single-window system.
Between June 2024 and January 2025, the State Investment Promotion Board approved projects worth Rs 3.1 lakh crore, reflecting the government’s commitment to fostering a strong industrial ecosystem and enhancing ease of doing business in the state.
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