The Chandrababu Naidu-led led government in Andhra Pradesh is set to approve a proposal by the Raymond Group to invest Rs 943 crore in the state to establish aerospace and auto component manufacturing facilities at Gudipalli and Tekulodu, Anantpur. The two facilities will create over 5,000 jobs.
The company will be setting up two facilities in the state- one is an auto component manufacturing facility at Gudipalli with an investment of Rs 430 crore, with an expected employment generation for 4,096 people. The state has allocated 30 acres of land for the facility.
Second proposal is of JK Maini Global Aerospace (Raymond Group) to set up an aerospace manufacturing facility at Gudipalli and Tekulodu. Expected investment in the state for this facility is of Rs 510 crore and with a potential to create 1,400 jobs. AP cabinet will approve an allocation of 47.28 acres of land for the facility today.
The incentives for this investment have been tailor-made under the AP Aerospace and Defense Policy 4.0.
The construction of the factory and commissioning of the plant is expected to begin in March 2026, the targeted date of commercial production is May 2027.
About JK Maini Precision Technology
JK Maini Precision Technology is a subsidiary of Raymond Group, incorporated in the year 1973. The company's foray into aerospace began in 2004, the company delivers machined components, assemblies and aerospace structures.
About JK Maini Global Aerospace
An Indian public limited company in the areospace and defense sector, formed as a joint venture between Raymond Limited and the Maini Group. The company was officially launched in August 2025.
AP's push for investments
The government has rolled out a slew of industrial policies referred to as version 4.0 which includes AP Industrial development policy 4.0, AP MSME and Entrepreneurship Development Policy, Food processing policy, electronics policy and so on. With tailor made incentives and focus on ease of doing business, speedy clearances, simplified permissions, a single window system, the State Investment Promotion Board has approved projects worth Rs 3.1 lakh crore between June 2024 and January 2025.
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