HYDERABAD: The State Investment Promotion Board (SIPB) has cleared proposals worth Rs 18,000 crore relating to 27 industries and an employment potential of 59,732.

Chief Minister K Rosaiah on Monday chaired the meeting of the SIPB at the Secretariat. Industries department commissioner Anantharamu apprised the Chief Minister and the SIPB about the proposals received.

Rosaiah directed the SIPB to create a congenial atmosphere to attract more industries and investments to Andhra Pradesh.

The SIPB has decided to give 50 per cent VAT/ CST or SGST reimbursements for a period of 5 years and all other incentives as per the Industrial and Investment 2005-2010 Policy to most of the industries which come forward with investments.

The companies which get these incentives are : Lanco I n d u s t r i e s i n Chittoor district(investment Rs 369 crore and employment 1,000), MRF Tytres, Sadasivpet, Medak district (investment Rs 472 crore and employment 1,150), Vibha Seeds, Mahabubnagar district (investment Rs 153 crore and employment 233), AP Iron Ore Company, Prakasam district (investment Rs 455.37 crore and employment 220), Saraiwala Agri, Nellore district (investment Rs 121.19 crore and employment 1,000), Emami Biotech, Nellore district (investment Rs 240 crore and employment 700), Hindustan National Glass & Industries, Nellore District (investment Rs 1,600 crore, employment 5,000), and Spin-Cot Textiles, Guntur district (investment Rs 136 crore and employment 400).

Mohan Spintex India, Bapulapadu mandal, Krishna district (investment Rs 128 crore, employment 600), Idupulapadu Cotton Mills, Prakasam district - (investment Rs 149 crore and employment 1,500), Continental Carbon India, Visakhapatnam district (investment Rs 1,000 crore and employment 3,000), Trident Life Science, Medak district (investment Rs 159 crore and employment 3,500), Aurobindo Pharama, Mahabubnagar distict(investment Rs 164.33 crore and employment 3,500), Maa Mahamaya Industries, Vizianagaram district (investment Rs 1,088.4 crore and employment 425), Steel Exchange India, Vizianagaram district (investment Rs 494.85 crore and employment 2,000) and NSL Textiles, Prakasam district (investment Rs 628 cr and employment 5,400), Trimex Sands, Srikakulam district (investment Rs 3,000 cr and employment 299).

However, Srini Food Park in Chittoor district investment Rs 126.54 crore and employment 20,000) will get 75 per cent VAT reimbursement on sales both for one park and the units proposed to be located in the part for 5 years, reimbursement of stamp duty for the mega park as a special case and VAT reimbursement during construction period for two years limited to Rs 1.18 crore.