Andhra CM Chandrababu Naidu announces escrow accounts for investors, sets $1 trillion investment target

Andhra Pradesh Chief Minister N Chandrababu Naidu has announced that the State government will open escrow accounts for investors to ensure prompt payment of incentives promised and reduce bureaucratic delays.

Andhra Pradesh announces escrow accounts for investors

At the inaugural session of the 30th CII Partnership Summit 2025 in Visakhapatnam on Friday, Chandrababu Naidu said, “Once you sign the MoU with the AP government, the escrow account will be created automatically, and funds will be released through the bank in real time. You do not need to approach anyone. If required, we will even give sovereign guarantee.”

He further shared that Andhra Pradesh has already attracted $20 billion in investments in the last 18 months, generating 20 lakh jobs.

He set a new target of $500 billion investments in the next three years, for generating 50 lakh jobs, and a larger vision of $1 trillion investments over the next decade.

Minister Naidu urged global companies to sign MoUs with the government before leaving the summit, mentioning AP’s track record of seamless execution. “After signing the MoU, you don’t need to remind us. Our team will follow up. That is our credibility. AP is gifted with natural resources, and a long coastline stands as a gateway to investments in different sectors,” he said.

He expressed his delight for participation of 2,500 trade delegates from across the globe, including 522 representing 72 countries.

“Visakhapatnam is a beautiful and safest city, and it is going to emerge as a destination for IT and investments,” he said.

The Andhra Chief Minister stressed investment avenues in ports, airports, roads, railways, logistics parks, dry ports, and inland waterways, along with expanding sectors like pharma and healthcare.

“AP is ready for next-generation growth across all sectors,” Chandrababu Naidu remarked.

Mahindra Group chairman Anand Mahindra said, "This man is an unstoppable force of nature. What I’ve admired about him for decades is not just his obsession for development but his desire to always be innovative in his policies. He raises the bar for himself and for everyone around him.”

This man is an unstoppable force of nature.

What I’ve admired about him for decades is not just his obsession for development but his desire to always be innovative in his policies.

He raises the bar for himself and for everyone around him.

👏🏽👏🏽👏🏽

pic.twitter.com/4RFUWGfwiv

— anand mahindra (@anandmahindra) November 19, 2025

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