• Friday, 22nd November 2024

Unity Mall to be Established in Madhurawada with Rs 172 Crore Investment



Visakhapatnam: The city is set to welcome a new Unit Mall in Madhurawada, enhancing its retail landscape. Plans are underway to construct this mall near the Ramanaidu Studio.

District Collector M.N. Harendira Prasad and Rural MRO Paul Kiran recently conducted a site inspection to assess the location for the upcoming mall. This development promises to bring a fresh shopping experience to the residents of Visakhapatnam.

The State Cabinet has approved the construction of Unity Mall on five acres in Madhurawada, Visakhapatnam, with an interest-free loan of Rs 172 crore from the Central government under the Special Assistance to State for Capital Investment 2023-24 scheme.

Unity Mall will be registered under the AP Societies Registration Act. Minister for Industries and Commerce Gudivada Amarnath announced that the mall's establishment aims to enhance the marketing of local handlooms and handicrafts within the state and across India. The mall will also house a convention centre for state functions, cultural events, and corporate functions.

 

 


Designed to be a landmark for the tourism economy, Unity Mall will showcase the culture and heritage of Andhra Pradesh. It will feature 26 stalls representing all districts, helping to preserve and promote handicraft and handloom products. The mall will also highlight the state's history and culture to both domestic and international tourists.

Unity Mall will be self-sustaining through revenue from commercial spaces, convention centres, and food courts. It will include amenities such as an auditorium, museum/art gallery, open-air theatre, food court, retail outlets, market, training centre, administration zone, gathering spaces, recreational areas, and ample parking.

Minister Amarnath emphasized that Unity Mall will serve as a hub for cultural preservation and economic development, benefiting the local community and attracting tourists from around the world.

 

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