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Raymond lines up ₹1K cr investment for Andhra
Business Standard
|October 08, 2025
The Raymond Group will set up two global manufacturing units in Anantapur district in Andhra Pradesh at a cumulative investment of around ₹1,000 crore, a move which will strengthen the company's foothold in aerospace and automotive sectors.
The aerospace manufacturing unit will come up at Gudipalli, while the automotive one will be set up at Tekulodu in the district. The ventures will see a cumulative investment of around ₹1,000 crore, with government incentives of₹ 695 crore, generating around 5,400 jobs. According to a source aware of the development, the State Investment Promotion Board (SIPB) has already cleared the proposals submitted by the co
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