Visakhapatnam, 12 November (H.S.): Andhra Pradesh is working on an Investors Protection Act to safeguard investors and provide a dedicated legal framework for investment protection, State IT and Industries Minister Nara Lokesh announced at the inaugural session of the 31st CII Partnership Summit 2026 in Visakhapatnam on Thursday.

Lokesh said the proposed legislation would build on the State's initiative of providing escrow accounts for investors. He said Andhra Pradesh was working towards becoming the first State in the country to introduce a dedicated law for investor protection.

The Minister also requested Union Commerce and Industry Minister Piyush Goyal to facilitate policy clearance and support the implementation of the proposed framework at the national level.

The proposed legislation is aimed at strengthening investor safeguards and providing greater protection to investments in the State. However, details of the proposed Act, including its provisions and implementation timeline, are yet to be announced.

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Hindusthan Samachar / Indrani Sarkar