Sri City Special Economic Zone is located between Andhra Pradesh and Tamil Nadu border at Sathyavedu, about 70 km from Tirupati. The business city is spread over 100 sq km  and is intended for Export Oriented Industry and Domestic Tariff Zone (DTZ) for Domestic Industry. It wants to be a business destination for global companies to establish Manufacturing, Services and Trading operations in India.
According to the Financial Express, "The sprawling 5000 acres private city on the National Highway-5, a part of the golden quadrilateral connecting the four major metros with well-demarcated industrial zones and an adjacent domestic tariff area in the bordering district of Andhra Pradesh, is set to have the strategic advantage of sharing a proximate corridor with Sriperumbadur autocomponent cluster - outer of Chennai and manufacturing cluster units near Gummidipoondi and other manufacturing industries - located north of Chennai.”
In 2013, the Chief Minister of Andhra Pradesh dedicated 28 units within the SEZ with a committed to investment of about Rs 4,600 crore. It is also estimated that when the SEZ will act in full it will bring a total investment over Rs.12, 500 crores and generate employment for over 20,000 people  According to some report, the SEZ has acquired the land with a promise of good compensation package, job and training to work in the SEZ.
According to The Economic Times, "A good compensation package ensured smooth acquisition of about 5,000 acres by Sri City for its multi-product SEZ near Chennai. Not only have the developers given farmers a good price for the land, they are also giving them training to work in the SEZ and have promised one job per family." . This is in fact the main discourse for such "development projects", portrayed as source of employment and engines for bettering one's life conditions.
However, in 2006 and again in April 2010, farmers around the SEZ area protested around the office of the developers of Sri City SEZ. They alleged that the government as well as SEZ administration has failed in fulfilling the promises they made to them at the time of land acquisition. ‘Sathyavedu Constituency SEZ Farmers and Agriculture Labourers Protection and Development Association' headed the protest movement and sat on a ‘dharna’ (sit in protest) in front of the SEZ office.
The SEZ has already attracted investments from a number of companies from India and abroad, including companies from the US, Switzerland, Korea, Spain, Italy, South Africa and Indonesia .
As by June 2014, farmers have received some form of compensation for their land, but poor financial planning made the unlettered people spend the ‘sudden money’ on luxury, which vanished in no time. This makes it evident that such huge infrastructure and business hubs do not in any way bring benefits to local people or regional economy; they rather enhance the concentration of economic and political power in the hands of very few.