Raymond Group’s Aerospace Push: ₹510 Crore Andhra Pradesh Facility To Power Global Supply Chains

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 tier-one suppliers, firmly integrating Andhra Pradesh into the global aerospace supply chain. Speaking to Business Today, Naveen Sharma, Chief Financial Officer of the Engineering Business at Raymond, outlines the group’s long-term aerospace strategy, its focus on moving up the value chain from component manufacturing to complex assemblies and systems, and its commitment to Make in India and export-led growth. He highlights how Raymond’s components already power civil aviation platforms worldwide and how the Andhra Pradesh facility will further strengthen India’s aerospace self-reliance. Sharma also explains why Andhra Pradesh was chosen as the investment destination, citing its clear aerospace vision, execution-driven governance and highly collaborative investor facilitation. From swift decision-making and single-window clearances to strong support from the state leadership and industry departments, the experience, he says, has been seamless and encouraging. The new facility marks a significant step in Raymond’s expanding aerospace footprint and India’s ambition to become a global manufacturing hub for defence and aviation.