New Delhi, Oct. 15 -- Andhra Pradesh government announced on Wednesday that it formally approved two significant investments from the Raymond Group, collectively valued at Rs.940 crore, focusing on the advanced manufacturing of aerospace and automotive components.

These approvals, sanctioned under the state's Industrial Development Policy 4.0, are projected to create 5,500 direct jobs in the Sri Satyasai district.

"The government has cleared two landmark investments from the Raymond Group.under the Industrial Development Policy 4.0 (2024-29)," an official statement said.

The statement highlighted the strategic importance of the deal, noting that the aerospace investment represents the state's inaugural project under its new aerospace p...