AP Chambers hails the announcement of ‘Escrow’ account for industrial incentives

Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) on Tuesday 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.

Several members of AP Chambers signed MoUs in key sectors such as food processing, aqua, textiles, automobiles, tourism & hospitality, and MSMEs. AP Chambers anticipates that over 50% of the total commitments—amounting to ₹13 lakh crore—will materialise into grounded investments, contributing significantly to the State’s economic growth.

As part of its ongoing efforts to promote industry and investment, AP Chambers is organising a Business Expo from December 12 to 14 in Vijayawada, featuring sectoral seminars, B2B interactions, and product showcases. This Expo aims to bring

together industry leaders, MSMEs, startups, and investors to explore opportunities and accelerate industrial growth in AP.