‘Won’t invest in any new projects in Andhra’: UAE-based Lulu group snubs YSRCP govt

[vatchesa]

The Jagan Mohan Reddy-led YSRCP government on October 30 had cancelled the land allotment made to Lulu Group in Visakhapatnam by the previous Telugu Desam Party regime. (PTI Photo/File)

Snubbing the YSRCP government in Andhra Pradesh, UAE based Lulu Group Tuesday said that it will never invest in the state again after the government cancelled the allotment of land in Visakhapatnam to build an international convention centre.

The group stated that although they were allotted land in Visakhapatnam by previous Telugu Desam Party government in a transparent manner, they accept the new government’s decision to revoke the land allotment. Lulu group officials, however, made it clear that they will never invest in Andhra Pradesh again.
 

“We had participated in a very transparent bidding process and were awarded the land on lease for this project. Though we have incurred huge expenses towards initial project development costs such as appointing internationally renowned consultants and designing the project by world-class architects, we agree to the decision of the new Government of Andhra Pradesh to revoke the land allotment for this project. Given the current scenario, we have decided not to invest in any new projects in the state of Andhra Pradesh,” said Ananth Ram, Lulu Group’s Director for India.

[TOM_BHAYYA]

ChrIsthavudi dhebba mahammadheeyudi abbbbaaa

[Indiatoday2030]

3 hours ago, TOM_BHAYYA said:

ChrIsthavudi dhebba mahammadheeyudi abbbbaaa

NO political fights between gods

[joblessjack]

Paid artists ?