Will never invest in Andhra: LuLu after govt cancels land allotment

UAE-based NRI billionaire MA Yusuff Ali's LuLu Group has vowed to never invest in Andhra Pradesh after the state revoked 13.8-acre land allotted to it by the previous Chandrababu Naidu government. LuLu said it participated in a transparent bidding process. It had planned to invest ₹2,200 crore to build a convention centre, shopping mall and a five-star hotel in Visakhapatnam.