A big news for the people of Visakhapatnam and the people of Andhra Pradesh. Lulu group of companies has come forward to invest in Vizag in Mall and multiplexes.
An International Convention centre, Shopping mall and a five star hotel project shall be set up by Lulu group soon in Visakhapatnam.
An investment worth 2000 crore is on its way to Vizag. Between 2014-2019 then government of Andhra Pradesh discussed with Lulu group , wherein they then agreed to invest in Vizag. However the previous government led by Jagan ignored them due to which the lulu group had then cancelled its project. Again in 2024 under Chandrababu Naidu regime Lulu group returned back with the proposal to invest in coastal city Vizag.
The chief minister of Andhra Pradesh Nara Chandrababu Naidu met with the Chairman & MD of Lulu Group International, Mr @Yusuffali_MA, and the Executive Director, Mr Ashraf Ali MA, and welcomed them back to Andhra Pradesh. The productive meeting with their delegation was held in Amaravati on 28 October 2024. Plans for a Mall and multiplex in Vizag, Hypermarket and multiplexes in Vijayawada and Tirupati, along with investments in the food processing sector across the state have been discussed.
Lulu Mall Vizag Address and Area
The proposed project shall be constructed at RK beach road, Harbour park road in Vizag for the construction of Lulu shopping mall, Lulu Five star hotel and multiplex. Around 13.5 acres was allocated for this project.
Lulu Shopping mall Vizag Employment
The shopping mall , Multiplex and 5 star hotel projects would create employment for around 17000 youth in the state.
Having a world class convention centre, five star hotel and Lulu shopping mall in the port city of Visakhapatnam adds a big boost to the city to bring up more investments in IT and other sectors.
Lulu Shopping mall Vizag Launch Date: Tentatively in 2025.
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