Raymond Group believes Andhra Pradesh’s Valseema region has all the ingredients to emerge as a global aerospace and defence manufacturing cluster. Speaking to Business Today, Naveen Sharma, Chief Financial Officer of the Engineering Business at Raymond, explains how the group’s ₹510 crore investment in a state-of-the-art aerospace facility can help catalyse a broader industrial ecosystem in the region. Sharma highlights the region’s advantages, including availability of land, strong policy suppo

Raymond Group’s engineering arm is scaling up its presence in defence and aerospace with a major investment in Andhra Pradesh. J.K. Meini Global Aerospace Limited, a Raymond Group subsidiary, is setting up a state-of-the-art advanced aerospace manufacturing facility in the Sri Sathya Sai district with an investment of ₹510 crore. The facility is expected to generate around 1,400 direct jobs and manufacture high-precision, engine-critical components for global original equipment manufacturers and