Andhra Pradesh to Introduce Investment Protection Act to Safeguard Industrial Agreements

Andhra Pradesh Chief Minister N. Chandrababu Naidu announced the introduction of a new <b>Investment Protection Act</b> to provide legal security to domestic and international investors. Speaking at the 31st CII Partnership Summit in Visakhapatnam, Naidu described the legislation as a sovereign guarantee for corporate capital. The law aims to ensure that industrial agreements, land allocations, and incentives remain protected even if governments change in the future. This initiative seeks to prevent unilateral cancellations of contracts and provide international-standard legal recourse for investors. The move addresses past concerns regarding policy uncertainty and aims to restore investor confidence by ensuring long-term stability for industrial projects in the state.