Andhra Pradesh to enact Investment Protection Act, targeting business ease

Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday unveiled the state government's plan to introduce a dedicated Investment Protection Act, positioning it as a key policy measure to improve the business environment and investor confidence in the region.

The proposed legislation is expected to address regulatory hurdles and provide enhanced safeguards for investors operating in the state. According to Naidu, the act will complement the state's broader economic agenda and align with efforts to attract large-scale industrial and commercial investments.

The announcement coincides with a major investment summit where 303 memoranda of understanding are scheduled to be signed, collectively valued at ₹9.89 lakh crore. The CII Partnership Summit represents a significant milestone in the state's push to position itself as an attractive investment destination within India.

The Investment Protection Act is part of Andhra Pradesh's comprehensive strategy to simplify compliance procedures, reduce transaction costs, and establish a predictable regulatory framework. State officials have indicated that the legislation will be designed to address sector-specific concerns and ensure timely dispute resolution mechanisms.

Government officials said the investment commitments reflected growing confidence among domestic and international investors in Andhra Pradesh's growth potential and policy initiatives. The state has been focusing on infrastructure development, skill development, and sectoral support to sustain investor interest.