Headed by the AP CM Nara Chandrababu Naidu, the State Investment Promotion Board (SIPB) approved six investment proposals having a combined worth of Rs. 2003 crores today. Several incentives under the state's industrial policy have been granted while clearing the investments, depending on the nature and the magnitude of the project.

A greenfield manufacturing facility by Divi's Laboratories Limited in East Godavari is the largest of the proposals cleared by the SIPB with a total investment worth of 789 crores and the state government had already cleared the land allotment for the project. The proposed project is estimated to employ nearly 4800 workers in direct or indirect methods.

Another proposal is of 365 crore worth by the Jain Irrigation Systems Limited in an integrated food park in Kurnool. The park will cater to the micro irrigation, agriculture, food processing industry and other allied technology intensive sectors such as tissue culture and renewable energy. In the textile sector, SIPB cleared Mohan Spintex with an investment of 289.2 crores and Indian Designs, a Bangalore based garmenting facility, which is investing 33.5 crores at Parigi in Anantapur.

Vayhan Coffee Limited (VCL) is setting up a premium instant coffee manufacturing unit at Panguru, Chittoor, with an investment of 275.95 crores. All these projects all estimated to generate direct and indirect employment to more than 35,000 people.