Consider the following statements:
1. The State Investment Promotion Board (SIPB) of Andhra Pradesh recently approved a series of investment proposals for the establishment of industries in various sectors in the state. 
2. This would provide employment to over 1.08 lakh people.
Which among the above statements is/are incorrect?

1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2

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