Andhra Pradesh Chief Minister NChandrababu Naidu
( left) and Lulu Group International CMD Yusuffali M A.
In 2019, the business had actually stated it would certainly never ever purchase the state after the YS Jagan Mohan Reddy- led dispensation apparently withdrawed land quantities.
The Lulu Group International, an Abu Dhabi- based varied corporation, is re-entrying Andhra Pradesh 5 years after leaving the state throughout the previous YSRCP regimen. In 2019, the business had actually stated it would certainly never ever purchase the state after the YS Jagan Mohan Reddy- led dispensation apparently withdrawed land quantities.
Under the TDP federal government in between 2014 and 2019, Lulu Group had actually tattooed a deal to develop a worldwide convention centre, shopping center and a deluxe resort in the port city of Visakhapatnam at a financial investment of Rs 2,200 crore however needed to desert those strategies with the modification in federal government.
However, the heartening volte-face is available in the wake of a conference in between Chief Minister N Chandrababu Naidu and Lulu Group chairman and handling supervisor MA Yusuff Ali on Saturday in Amaravati.
I delight in to invite the Chairman & & MD of Lulu Group International, Mr @Yusuffali_MA, and the Executive Director, Mr Ashraf Ali MA, back toAndhra Pradesh I had a really efficient conference with their delegation in Amaravati today. We talked about prepare for a Mall and complex in … pic.twitter.com/itk1RuUIHX— N Chandrababu Naidu (@ncbn) September 28, 2024
“I’m pleased to welcome the chairman & MD of Lulu Group International, MA Yusuff Ali back to Andhra Pradesh. We discussed plans for a mall and multiplex in Vizag, hypermarket and multiplexes in Vijayawada and Tirupati,” stated Naidu in a message on X.
Investments in the food handling industry throughout the southerly state additionally included in the conference in between the centimeters and Ali.
“The GoAP (Government of Andhra Pradesh) shall extend every possible cooperation and support. I wish my friend (Ali) all the best in his endeavours and look forward to a fruitful partnership for the development of Andhra Pradesh,” included Naidu.
Lulu Group is a significant gamer in the Middle East with a yearly turn over of $8 billion and 70,000 workers. The business has rate of interests in hypermarkets, going shopping malls, import & & circulation, trading, delivery and IT, to name a few.
It runs in the UAE, India, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, Egypt, Malaysia, and Indonesia and has actually circulation business situated in the Far East, Europe, United States, Africa, Asia, and Australia.
