OCTOBER 20258RAYMOND GROUP TO SET UP AUTO AND AEROSPACE UNITS IN APDASSAULT SYSTEMES EXPANDS R&D HUB IN PUNE FOR INNOVATIONA combined investment of about 1,000 crore, the Raymond Group will establish two global manufacturing facilities in the Andhra Pradesh district of Anantapur.This move will increase the company's presence in the automotive and aerospace industries, the automotive Dassault Systemes has demonstrated its long-term dedication to innovation and sustainable growth in India by launching its cutting-edge research and development campus in Pune, Maharashtra.Pune is now the company's biggest operational hub in the nation and a crucial component of its worldwide innovation ecosystem thanks to this development.The modernized facility, which combines thirty years of operations in India, is intended to improve delivery facility will be located in Tekulodu, while the aerospace facility will be built in Gudipalli.Together with 695 crore in government incentives, the businesses will see a total investment of about 1,000 crore, creating about 5,400 jobs.The State Investment Promotion Board (SIPB) has already approved the company's project proposals, according to a source with knowledge of the development."Out of the total investment of 943 crore, the Andhra Pradesh government will give incentives of over 695 crore," the source said. According to media reports, Raymond Group entered aerospace manufacturing by acquiring a controlling stake in Maini Precision Products (MPPL) in 2023 and is investing further in high-precision engineering, including auto and aerospace components.Since the new government took power last year, the SIPB has cleared investments totaling approximately 6.3 trillion. The state had cleared incentives worth 314 crore for JK Maini Precision Technology and 430 crore for the automotive business unit in Tekulodu, which could directly employ over 4,096 people. JK Maini Global Aerospace will invest approximately 510 crore and create 1,400 jobs at a 47-acre campus in Gudipalli, with incentives for this venture potentially amounting to 380 crore. capacities, spur innovation, and fortify international customer service.In the last five years, Dassault Systèmes has invested significantly in the renovation and growth of its Pune operations. Recently, the company added a new building called "EARTH," which will accommodate 2,400 employees and expand the overall capacity of its operations from 4,700 to 7,100.According to Deepak NG, Managing Director for India, this building is another key milestone in the company's journey in India to promote innovation, foster even deeper collaborations with industry, academia, and startups, and be able to create high-value employment and research opportunities.Deepak NG also stated that India still plays a strategic role in Dassault Systemes' global research and service ecosystem. The Pune campus has expanded to support the growth of the company in the domains of procedurally generated design using AI and virtual twin technologies further establishing its leadership in digitally lead innovation. TOP STORIESTOP STORIESTOP STORIES
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