Kerala is an investor friendly state, but more investments are needed for future growth, Chief Minister Pinarayi Vijayan said here today.
"Kerala is happy to welcome new investors. We are an investor friendly state, but need more investments for future growth," he said.
The Chief Minister was speaking after laying the foundation stone for the second Lulu Shopping Mall in Kerala at nearby Akkulam, developed by Abu Dhabi-based international retailer Lulu Group.
The Lulu Mall, consisting of a hotel and international convention centre, with an investment of Rs 2,000 crore is coming up in around over 19 acres at the National Highway at Akkulam.
This will be the group's second shopping mall after the one in Kochi.
Opposition leader Ramesh Chennithala, state ministers Kadakampalli Surendran, E Chandrasekharan, BJP Leader and MLA O Rajagopal, IUML MLA P K Kunhalikutty were among those present on the occasion.
Company Chairman and MD M A Yusuff Ali said they have planned to complete the work by August 2018 and the hotel complex by March 2019.
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