Overview
- The State-level Investment Promotion Board approved a ₹1,222 crore Lulu Group investment on July 17, projecting 1,500 jobs through a shopping mall in Visakhapatnam and hypermarkets in Vijayawada.
- Officials have identified three potential Vijayawada parcels for the mall: five acres of APSRTC land at the old bus stand, Endowments Department land at Gollapudi, and MARKFED land at Patamata.
- No formal land transfer has taken place and the project remains at the preliminary site-selection stage pending government decisions.
- CPI(M) leaders denounced the move as “economic colonisation,” warning that reallocating public RTC land would threaten small vendors and erode public assets.
- The APSRTC Staff and Workers Federation urged the government to withdraw the proposal, alleging the allotment is part of a broader strategy to privatise the public transport sector.