Naidu Unveils Escrow System, Sets $1 Trillion Investment Vision for Andhra Pradesh

By A Staff Reporter

Visakhapatnam: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday unveiled an ambitious escrow-based investment system aimed at transforming the state into a seamless, investor-friendly hub, while setting a bold $1 trillion investment target. Addressing investors in Visakhapatnam, the Chief Minister emphasised that the new mechanism will eliminate bureaucratic delays and ensure real-time fund release through automated processes.

Naidu explained that under the proposed system, an escrow account will be created automatically as soon as an investor signs a Memorandum of Understanding (MoU). “Once you sign the MoU, the escrow account will be created automatically, and funds will be released through the bank in real time. You won’t need to approach any officer or investor. If required, we will even provide sovereign guarantees,” he assured, underscoring the government’s commitment to transparency and reliability.