Key Points
Within five years of its unceremonious exit under the Jagan Mohan Reddy government, the Abu Dhabi-based Lulu Group is back in AP with big investment plans...
With Chandrababu Naidus return to the CMs chair, the AP government, officials and industrialists said, is making an all-out effort to reclaim the states brand image as a top investment destination..
On 29 September, after a meeting with Naidu in Amaravati, where he was felicitated with shawls and gifts, Lulu Group chairman Yussuf Ali M.A. announced that his company would set up a shopping mall with an eight-screen IMAX multiplex in Visakhapatnam; state-of-the-art hypermarkets in Vijayawada and Tirupati; and modern food processing and logistic centres elsewhere in Andhra Pradesh...
The development comes exactly one year after Lulu opened a mega mall in Hyderabad and has been seen as part of the trend of capital investors, including the Amara Raja Group and Jockey (Page), being forced out of Andhra under CM Jagan, with neighbouring Telangana making the most of it...
Industrialists in Andhra Pradesh told ThePrint that Lulus offer to invest in the state would have a big impact, convincing others who had shelved their AP plans in the last five years to expand their investments or to put money into new projects...
You might be interested in
Not pressuring for any post, priority is state finances, rebuilding Amaravati — Naidu after Delhi trip
05, Jul, 24The Andhra Pradesh CM met Modi and his ministers in a 2-day visit to Delhi and stressed his priorities, among which is the development of Amaravati as state capital.
Andhra Pradesh govt striving to usher in gram swaraj, says Jagan
15, Aug, 23Jagan said the government has also displayed its commitment towards decentralisation of administration by increasing the number of districts from 13 to 26 | Latest News India
Centre still views Amaravati as capital of Andhra Pradesh: Somu Veerraju
24, May, 23BJP State president Somu Veerraju reiterated that the Central government recognised Amaravati as the capital of Andhra Pradesh (A.P.) and even made a statement to that effect in the Parliament.
Naidu blames CM for Polavaram project delay
07, Aug, 23Telugu Desam Party (TDP) president N Chandrababu Naidu on Monday blamed on Andhra Pradesh chief minister YS Jagan Mohan Reddy for the inordinate delay in the completion of Polavaram major irrigation project | Latest News India
Lulu Group plans to invest Rs 10,000 crore in India over next three years
26, Jun, 23A brand new Lulu Mall in Hyderabad, spanning five lakh square feet and constructed with a total investment of Rs 300 crore, is scheduled to be inaugurated in August, 2023
Budget: Chandrababu Naidu meets FM Nirmala Sitharaman, seeks financial aid for debt-ridden Andhra Pradesh
06, Jul, 24Budget 2024: According to the state government data, the public debt of Andhra Pradesh has increased from 31.02 per cent of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32 per cent in 2023-24 fiscal, indicating deterioration in the fiscal health of the state in the last five years.
Sukhu releases over ₹9 crore to 324 disaster-hit families for building houses in Kullu
21, Oct, 23The state government provided the aid under its rehabilitation initiative “Punrvaas” to families whose houses were completely damaged in rain-related disasters during the June 24 to September 30 period, a statement said
‘10 years under Modi govt have been golden era for Northeast’, says Amit Shah
19, Jan, 24Shah said that to bring stability in the Northeast, the Modi govt signed nine agreements and many pending law and order issues were successfully resolved | Latest News India
Jagan urges Centre to release ₹2.5k-cr MGNREGS arrears
30, Mar, 23Andhra Pradesh chief minister YS Jagan Mohan Reddy met finance minister Nirmala Sitharaman and requested the Centre to release ₹ 2,500 crore towards arrears to be paid to the state under the Mahatma Gandhi National Rural Employment Guarantee Programme (MNREGA). | Latest News Delhi
'My body shakes when I speak about Sandeshkhali, its crimes': Nirmala Sitharaman
28, Feb, 24Finance Minister Nirmala Sitharaman said on Tuesday that poor law and order situation and corruption under the state government is making West Bengal "stand out" from other states.