AP Chambers hails ‘Escrow’ account for industrial incentives

Vijayawada: Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has congratulated the Government of Andhra Pradesh for the outstanding success of the CII Partnership Summit 2025 held at Visakhapatnam and hailed the announcement to open 'Escrow' account to release incentives to the investors.

The summit set a new benchmark with high-quality, serious, and pre-vetted MoUs, signalling a strong resurgence of investor confidence in the State. A significant achievement of this summit is the balanced distribution of investment commitments across all regions of Andhra Pradesh, ensuring inclusive, region-wide development. This equitable spread is expected to generate substantial employment opportunities and stimulate local economic growth across the State.

AP Chambers president Potluri Bhaskara Rao said that MSMEs are the backbone of AP’s industrial ecosystem. To effectively address unemployment and promote rural development, the Government must place greater focus on nurturing and scaling MSMEs. Immediate attention is needed to reduce power and logistics costs, which remain major challenges affecting competitiveness for small industries.

Rao said the announcement of an Escrow mechanism for the release of incentives is highly commendable, as it enhances transparency, ensures timely disbursement, and strengthens industry trust. AP Chambers urges the Government to clear all pending incentive dues, which will boost the confidence of existing industries and attract new entrepreneurs—particularly in alignment with the State’s visionary ‘One Entrepreneur, One Family’ mission.