It was reported that Kalyani Strategic had submitted its proposal on 8th November, following which the state investment promotion board approved it on 16th November, with the state government granting its approval on Tuesday. The government also assured the company of an additional 500 acres of land for expansion, if required. Moreover, Kalyani Strategic proposed expanding the facility in the future to include missile, warhead, and energetics manufacturing in the defence sector. Alongside the land allocation, the government was said to have offered several incentives, including subsidised power, water, infrastructure development, and applicable tax benefits. Additionally, the state government allocated 116.62 acres of land to PCBL Ltd. in a Special Economic Zone in Nellore district. The company reportedly planned to set up a plant for manufacturing rubber black and value-added chemicals, with an estimated investment of Rs 7.18 billion. PCBL was to pay Rs 1,948 per square metre for the land, as disclosed in an exchange filing.