Lulu Group investment cancelled by Indian administration

In November 2019, the U.A.E.-based Lulu Group International published a government cancellation of a Memorandum of Understanding (M.O.U.). This was issued by the new government of Andhra Pradesh in South India. The administration revoked an agreement of land use for the Lulu Group, where 56,000 sq.m with a coastal view was planned for a US$311 million mixed-used project. This included an international shopping centre and Convention Centre in the seaside city of Visakhapatnam. The Tourism Minist