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AP govt to enact 'Investors Protection Act'

Visakhapatnam, Nov 12 (UNI) The Andhra Pradesh Government will bring a Investors Protection Act to protect the interests of investors.

Disclosing this at the CNN Partnership summit here on Thursday, IT Minister Nara Lokesh said after pioneering the implementation of escrow accounts, Andhra Pradesh set to become the first state in India to implement the 'Investors Protection Act'

Speaking at the inaugural session, Nara Lokesh announced that Andhra Pradesh is proactively working on an "Investors Protection Act" to safeguard investors and he also requested union Minister Piyush Goyal to facilitate policy clearance and its implementation at the national level.

Building on its pioneering initiative of 'providing escrow accounts for investors', Andhra Pradesh is set to become the first state to introduce a dedicated legal framework for investment protection, Minister Lokesh announced.
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