Andhra Pradesh Chief Minister N. Chandrababu Naidu has laid the foundation stone for three Raymond Group projects totaling Rs 1,201 crore, covering a silver-scrap apparel manufacturing park, an aerospace-components facility and a precision auto-components unit. 

The projects are expected to create several thousand jobs and support diversified industrial growth in the state. 

Raymond’s entry into aerospace and precision manufacturing reflects a shift among traditional textile players towards high-value engineering verticals. 

For Andhra Pradesh, these investments complement ongoing efforts to build a multi-sector industrial base that includes textiles, electronics, engineering and renewable energy.