The Andhra Pradesh government has approved two investments by the Raymond Group worth Rs 940 crore, covering aerospace and automotive components manufacturing, officials said on Wednesday.

The approvals come under the state’s Industrial Development Policy 4.0 and are expected to generate 5,500 direct jobs in Sri Satyasai district.

“The government has cleared two landmark investments from the Raymond Group…under the Industrial Development Policy 4.0 (2024–29),” a TDP press release said.

This marks Andhra Pradesh’s first aerospace investment under the new aerospace policy, the release added, noting that a special package worth Rs 700 crore will accelerate the project rollout.

Raymond Group’s subsidiary, JK Maini Global Aerospace Limited, will set up an advanced aerospace manufacturing fa

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