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CM Chandrababu Naidu’s initiative to boost investor confidence hailed
In Short
Describing the proposed measures as pioneering reforms, Bhaskara Rao said the escrow account mechanism would ensure the timely disbursement of industrial incentives, while the Investor Protection Act would provide greater assurance and confidence to investors
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Chief Minister N Chandrababu Naidu
Vijayawada: AP Chambers president Potluri Bhaskara Rao has welcomed Chief Minister N Chandrababu Naidu’s landmark announcements on establishing an escrow account mechanism for industrial incentives and introducing an Investor Protection Act at the earliest, stating that the initiatives would significantly boost investor confidence and strengthen Andhra Pradesh’s position as a preferred investment destination.
Describing the proposed measures as pioneering reforms, Bhaskara Rao said the escrow account mechanism would ensure the timely disbursement of industrial incentives, while the Investor Protection Act would provide greater assurance and confidence to investors.
He noted that the recently concluded Investors’ Summit in Visakhapatnam had attracted investment commitments of around Rs10 lakh crore, with leading companies such as Kia, ReNew, Reliance and GAIL expressing strong interest in investing in the State.
The growing industrial investments would create enormous opportunities for micro, small and medium enterprises (MSMEs) through ancillary industries, vendor development and supply-chain integration, besides generating substantial employment, he observed.
“Andhra Pradesh is poised to emerge as India’s leading industrial powerhouse. The Chief Minister’s visionary leadership, investor-friendly reforms and strong policy commitments have created unprecedented momentum.
