Andhra Pradesh to formulate Investment Protection Act against regime change, says Naidu
· Business · Hindustan Times, The Hindu
Andhra Pradesh chief minister N Chandrababu Naidu announced plans to draft a state-level Investment Protection Act to safeguard investors from policy reversals following a change in ruling party. Naidu stated that concerns over regime changes and vindictive politics created apprehensions among investors, noting incentives and land allotments granted by the previous TDP government could be reversed. He made the declaration at the CII Partnership Summit in Vishakhapatnam, urging the central government to adopt a similar national law. Naidu highlighted his government's progress, citing a 74% conversion rate of investment Memorandums of Understanding signed since June 2024.
Why it matters
The legislation aims to provide investment security for businesses operating in Andhra Pradesh, potentially stabilising capital flows by protecting incentives and project approvals from political transitions.
Read the original report — Hindustan Times
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