Anantapur is all set to emerge as a new hub for aerospace and related industries, as the Raymond Group announced its largest investment in the district so far. The company will be establishing two major facilities in Gudipalli and Tekulodu villages, bringing a combined investment of ₹943 crore and generating over 5,400 jobs.
The auto component unit will come up with an outlay of ₹430 crore on 30 acres, creating 4,096 jobs. Alongside, the aerospace manufacturing facility will be developed with an investment of ₹510 crore over 47.28 acres, expected to provide employment to 1,400 skilled workers. This marks the single-biggest investment committed to the Anantapur Aerospace and Defence Park since its inception.
This is a direct result of Chief Minister Chandrababu Naidu’s renewed focus on high-tech industries. His government’s New Aerospace and Defence Policy 4.O is designed to position Andhra Pradesh as a preferred destination for global investors in cutting-edge manufacturing aiming at attracting 50,000 crores to 1 lakh crores investments to create 5000 jobs to 30000 jobs. Incentives, land availability and world-class infrastructure are proving to be decisive factors in attracting big players in the aero-space ecosystem.
Minister Nara Lokesh, has been instrumental in winning investor confidence by giving strategic investment pitches for the companies to invest while going on for various tours to Mumbai, Delhi and other locations. By engaging directly with global companies and highlighting Andhra Pradesh’s talent pool, logistics advantages, and policy clarity, the government has created a compelling case for investments.
Raymond Group’s entry will set off a chain reaction, encouraging more national and international companies to consider Anantapur for aerospace and defence manufacturing. With this landmark investment, Anantapur is no longer just a regional centre, it is now on the map as India’s emerging aerospace hub as this is just the beginning right now for right direction towards Andhra’s growth.