Tuesday, January 12, 2016
CMR Group and Chandra Brothers’ Shopping Mall Private Limited have signed an MoU with Tourism department for investment of over Rs.500 crore on developing convention centres, a five star hotel, multiplexes and entertainment centres on part with international standards here and a few other projects at Kakinada, Rajahmundry and Eluru. It would invest Rs.300 crore on developing two convention centres , a five star hotel, an entertainment centre in an area of 18 acres at Madhurawada. The hotel will have ten floors. Another project with an investment of Rs.100 crore is proposed at Gajuwaka. The convention centre with a capacity of 750, a shopping mall and an entertainment centre.