LuLu plans mega shopping mall in Visakhapatnam
LuLu International CMD M.A. Yousuff Ali said at the Investopia-CII meet organised in Vijayawada on Wednesday that the UAE-based multinational business conglomerate would soon begin construction of a mega shopping mall in Visakhapatnam that would provide employment to 5,000 to 8,000 people.
The LuLu mall in Cochin, which is India’s biggest, employs 8,230 people.
The company would soon start a food processing plant and a hypermarket in Vijayawada. Similar hypermarkets were planned in other cities in Andhra Pradesh, Mr. Ali said, observing that these projects would bring in the much-needed foreign exchange and generate employment.
Mr. Ali said Andhra Pradesh was achieving commendable progress with each passing day, and that the LuLu Group was happy to be again associated with the state government, while recalling that the construction of the shopping mall in Visakhapatnam did not fructify earlier for reasons beyond his control.
As far as the proposed food processing plant in Vijayawada was concerned, Mr. Ali said the area had abundant raw materials, and the facility would help the company in ensuring uninterrupted supply of that material to its 38 food processing plants located around the world. Currently, LuLu was exporting a huge quantity of vegetables and fruits from Andhra Pradesh.
