Lays foundation stone for Rs.600 crore project
The Chief Minister Mr. YS Jagan Mohan Reddy recently laid foundation stone for the Rs 600 crore Inorbit Mall to be built by K Raheja Group, in Visakhapatnam.
Addressing the gathering after participating in a ground-breaking ceremony and unveiling the plaque, the Chief Minister said that the Inorbit Mall, coming up in an area of 13 acres in the allotted 17 acres, would become the jewel of Visakhapatnam.
Inorbit Mall in Hyderabad was built in an area of 7 to 8 acres, but this will come up in 12 to 13 acres, he said, adding that it would become the biggest shopping mall in South India.
It would provide direct and indirect employment to 8000 people, he said, stating that the Raheja Group will develop IT space and an international convention centre in the rest of the four acres in the second phase in which 3000 persons will get employment.
He said Raheja Group has been allotted 350 acres at Hindupur in Anantapur district for setting up a textile and electronic hardware hub which will provide employment to 15,000 people.
He thanked the K Raheja Group Chairman Neel Raheja, COO Sravan Kumar and CEO Rajneesh Mahajan for coming forward to set up the retail facility.
Speaking on the occasion, Mr Neel Raheja said he was impressed with the administration and its pro-active role. “I am touched with the actions of the Government. Last time, I attended a foundation stone laying ceremony along with the former Chief Minister Dr YS Rajasekhara Reddy.
I am now attending this event along with his son and the CM YS Jagan Mohan Reddy,” he said, adding that the Inorbit Mall will become the Mall of India like the Mall of Emirates.
