Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday invited domestic and foreign investors to invest in the state, saying the government is now focusing on improving the “speed of doing business”.
Addressing the curtain-raiser event of CII’s Partnership Summit, he said huge investments are coming into the state in different sectors like technology, green energy and petrochemicals.
The summit is being organised on November 12-13 in Visakhapatnam.
The chief minister also said the state will inaugurate an escrow account mechanism to ensure incentives are transferred online on a real-time basis.
“Now, we are talking about speed of doing business,” Naidu said, adding that all clearances will be given on a real-time basis.
(PTI)
