Latest news with #AndhraPradeshTourismLandAllotmentPolicy
New Indian Express
a day ago
- Business
- New Indian Express
Andhra govt allots APSRTC land to Lulu, unions oppose GO 137
VIJAYAWADA: The Andhra Pradesh government has allotted prime land in Vijayawada and Visakhapatnam to Lulu International Shopping Mall Pvt Ltd for constructing shopping malls, sparking strong opposition from RTC employees' unions and other organisations. The Industries and Commerce (Infra) Department has released Government Order No. 137, leasing 13.74 acres at Harbour Park in Visakhapatnam, and 4.15 acres of APSRTC Governorpet-II bus depot land in Vijayawada to Lulu Group for 99 years, with a three-year rent-free period or until the malls open, whichever is earlier. The lease amount will be increased by 10% every decade. The lands will be transferred to the AP Industrial Infrastructure Corporation, which will oversee their handover to Lulu Group. Unions flag operational & environmental issues In Visakhapatnam, Lulu plans to invest Rs 1,066 crore to build a G+3 shopping mall with 13.50 lakh square feet, including 6 lakh square feet for parking 2,000 vehicles, anchor shops, and leasable retail spaces. In Vijayawada, the Rs 156 crore project includes a G+3 mall spanning 2.32 lakh square feet, accommodating 200 vehicles and 120 retail shops. The proposal, aligned with the Andhra Pradesh Tourism Land Allotment Policy 2024-29, was approved by the State Investment Promotion Board (SIPB) on July 17, following recommendations from the State Investment Promotion Committee (SIPC). The government believes the project will boost investor confidence and policy continuity.
Time of India
18-07-2025
- Business
- Time of India
AP forms high-level panel to fast-track MSME tourism projects
Vijayawada: In a move to accelerate tourism development and promote entrepreneurship in the state, the govt has constituted a high-level committee to oversee the land allotment process for Micro, Small, and Medium Enterprises (MSMEs) under Public-Private Partnership (PPP) mode. This follows the rollout of the Andhra Pradesh Tourism Land Allotment Policy 2024–2029 and aligns with the overarching Tourism Policy 2024–2029. According to the Govt Order on Thursday night, the newly-formed committee will facilitate the transparent allotment of govt land to eligible MSME tourism projects. The committee is designed to ensure efficient, sustainable, and investor-friendly project implementation across tourism infrastructure, including hotels, resorts, wellness centres, amusement parks, MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities, and more. The committee will be chaired by the vice chairman and managing director (VC&MD) of the Andhra Pradesh Tourism Development Corporation (APTDC). The chief executive officer of the Andhra Pradesh Tourism Authority will serve as co-chairman, while the executive director (projects) of APTDC is designated as the member convener. Additional members of the committee include representatives from the finance department, a transaction advisory consultant nominated by the VC&MD of APTDC, general manager/AGM (PPP) from APTDC, the chief general manager (projects) of INCAP (Infrastructure Corporation of Andhra Pradesh), and industry and academic experts as required for specific projects. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Technical officers such as the estate officer and chief engineer/superintending engineer of APTDC will be involved as invitees to provide technical scrutiny during the decision-making process. The decision to form this committee was based on proposals submitted by the VC&MD of APTDC under Rule 6.2 of the land allotment policy. The primary objective is to create a robust ecosystem that not only encourages private investment but also simplifies the approval process and ensures sustainable tourism growth. The vice-chairman and managing director of APTDC is directed to take further necessary action to operationalise the committee and initiate transparent bidding for MSME tourism projects.
