This marks a significant shift from its previous stance against investing in Andhra Pradesh
The UAE-based Lulu Group International has announced plans to establish food processing units, logistics centres, hypermarkets, and a shopping mall in Vijayawada and Tirupati.
This marks a significant shift from its previous stance against investing in Andhra Pradesh. Lulu Group’s chairman and managing director, Yusuffali MA, shared the company’s plans via a post on the social media platform X (formerly Twitter). Both Yusuffali and the state’s chief minister, Chandrababu Naidu, did not provide specific details regarding the investments.
In 2019, the Lulu Group halted its planned Rs2,200 crore investment in Vizag after the YS Jagmohan Reddy-led government revoked a previous agreement made with the previous Telugu Desam Party-run state government.