Raghu Vamsi Machine Tools Plans ₹500 Cr Mega-Facility in AP

Raghu Vamsi Machine Tools has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board to establish a large-scale aerospace and defence manufacturing facility in Andhra Pradesh.

As part of the proposed project, the company plans to develop an advanced precision manufacturing facility spread across 100 acres to serve the aerospace and defence sectors. The project is expected to involve an investment of approximately ₹500 crore.

According to the company, the proposed facility is likely to generate around 1,000 direct jobs and nearly 2,000 indirect employment opportunities through ancillary industries, logistics, services and supply chain networks, contributing to the growth of the state’s industrial ecosystem.

News by Rahul Yelligetti.