Andhra Pradesh Chief Minister Chandrababu Naidu has announced plans for an Investment Protection Act aimed at safeguarding investors from regime changes and political vendetta. He has also urged the Centre to introduce a similar national law to boost investor confidence and attract global capital.
Visakhapatnam, November 12 — Andhra Pradesh Chief Minister Chandrababu Naidu has announced that his government will formulate an Investment Protection Act to safeguard investors against risks arising from regime changes and political vendetta.
Speaking at the CII Partnership Summit, Naidu also urged Commerce and Industry Minister Piyush Goyal to support the proposal at the central level.
Naidu said the state government would send the Bill to the Centre after it is passed by the Andhra Pradesh Assembly and called for a Central Investment Protection Act to provide greater security and confidence to investors across India.
Andhra Pradesh pitches itself as investment hub
Naidu said concerns around changes in governments and vindictive politics could create apprehension among investors.
He argued that a national investment protection framework could encourage stronger investment flows into India and attract more global investors.
The Chief Minister also highlighted Andhra Pradesh’s plans to become a major manufacturing and technology hub.
The state’s priority areas include critical minerals, steel, solar energy, battery energy storage, defence, space, semiconductors, logistics, quantum technology, green hydrogen and maritime development.
Quantum Valley and Drone City planned
Naidu said a quantum computer would be established in Amaravati, while quantum equipment would also be manufactured under the “Made in Amaravati” initiative.
The state is developing a dedicated Drone City for manufacturing drones for civilian and defence applications.
According to Naidu, the Amaravati Quantum Valley would be the first such project in South Asia and is scheduled to be inaugurated on February 3, 2027.
The state is also seeking investment in food processing as part of its ambition to become a global horticulture hub.
160 GW renewable energy target
Andhra Pradesh has set an ambitious target of 160 GW of renewable energy generation capacity, with approvals already granted for 114 GW.
The state also aims to achieve annual electronics production worth ₹4.20 lakh crore.
Electronics and home-appliance manufacturing projects worth about ₹31,926 crore have already received approvals.
In aerospace and defence, Andhra Pradesh has set an investment target of ₹50,000 crore, along with another ₹25,000 crore target for the space sector.
Approvals have also been granted for 42 GW of solar-cell manufacturing capacity and 53 GW of ingot and wafer manufacturing capacity.
Data centres and industrial parks
Data-centre projects with a proposed capacity of 4.6 GW have received approval in the state.
Naidu said a quantum computing manufacturing facility would be established across 250 acres in Amaravati.
Andhra Pradesh is also developing 25 sector-specific industrial parks and planning nine greenfield airports.
Naidu cited speedy approvals for projects such as Kia’s automobile manufacturing facility and said the state was moving beyond Ease of Doing Business towards the “Speed of Doing Business.”
