Lulu Group Returns to Andhra Pradesh After Five-Year Absence
Lulu Group Returns to andhra pradesh After Five-Year Absence
Lulu Group international, a diversified conglomerate based in Abu Dhabi, is re-entering andhra pradesh five years after leaving during the previous YSRCP administration. In 2019, the company stated it would not invest in the state after the jagan MOHAN REDDY' target='_blank' title='ys jagan mohan reddy-Latest Updates, Photos, Videos are a click away, CLICK NOW">ys jagan mohan reddy government reportedly revoked land allocations.
Under the tdp government from 2014 to 2019, Lulu Group had signed an agreement to develop an international convention center, shopping mall, and luxury hotel in Visakhapatnam, committing Rs 2,200 crore. However, these plans were abandoned following the change in government. The recent turnaround occurred after a meeting between chief minister N chandrababu naidu and Lulu Group's chairman and managing director, MA Yusuff Ali, in Amaravati. “I’m happy to welcome MA Yusuff ali back to Andhra Pradesh. We discussed plans for a mall and multiplex in Vizag, as well as hypermarkets and multiplexes in vijayawada and Tirupati,” Naidu shared in a post on X.
The meeting also addressed investments in the food processing sector across the state. Naidu assured that the government of andhra pradesh would provide full support, expressing his hopes for a successful collaboration with ali for the state’s development. Lulu Group is a significant player in the Middle East, with an annual turnover of $8 billion and a workforce of 70,000. Its interests span hypermarkets, shopping malls, import and distribution, trading, shipping, and IT.
The company operates in various countries, including the UAE, India, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, Egypt, Malaysia, and Indonesia, with distribution networks across the Far East, Europe, the United States, Africa, Asia, and Australia.
Lulu Group international, a diversified conglomerate based in Abu Dhabi, is re-entering andhra pradesh five years after leaving during the previous YSRCP administration. In 2019, the company stated it would not invest in the state after the jagan MOHAN REDDY' target='_blank' title='ys jagan mohan reddy-Latest Updates, Photos, Videos are a click away, CLICK NOW">ys jagan mohan reddy government reportedly revoked land allocations.
Under the tdp government from 2014 to 2019, Lulu Group had signed an agreement to develop an international convention center, shopping mall, and luxury hotel in Visakhapatnam, committing Rs 2,200 crore. However, these plans were abandoned following the change in government. The recent turnaround occurred after a meeting between chief minister N chandrababu naidu and Lulu Group's chairman and managing director, MA Yusuff Ali, in Amaravati. “I’m happy to welcome MA Yusuff ali back to Andhra Pradesh. We discussed plans for a mall and multiplex in Vizag, as well as hypermarkets and multiplexes in vijayawada and Tirupati,” Naidu shared in a post on X.
The meeting also addressed investments in the food processing sector across the state. Naidu assured that the government of andhra pradesh would provide full support, expressing his hopes for a successful collaboration with ali for the state’s development. Lulu Group is a significant player in the Middle East, with an annual turnover of $8 billion and a workforce of 70,000. Its interests span hypermarkets, shopping malls, import and distribution, trading, shipping, and IT.
The company operates in various countries, including the UAE, India, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, Egypt, Malaysia, and Indonesia, with distribution networks across the Far East, Europe, the United States, Africa, Asia, and Australia.