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Naidu says escrow a/cs for investors for fast payment of promised incentives
The Morning Standard
|November 15, 2025
CHIEF Minister N Chandrababu Naidu has announced that the State government will open escrow accounts for investors to ensure prompt payment of incentives promised to them.
Delivering the keynote address at the inaugural session of the 30th CII Partnership Summit 2025 in Visakhapatnam on Friday, 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.”
The announcement of Naidu received thunderous applause from investors. The Chief Minister has highlighted that Andhra Pradesh has already attracted $20 billion investments in the last 18 months, generating 20 lakh employment.
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