Lulu Group Plans to Invest 10,000 Crore in India

Hyderabad: UAE based retailer Lulu Group is all set to make an entry in the state of Telangana as the first Lulu Mall and Lulu Hypermarket is getting ready in the capital city of Hyderabad soon. This was announced by Yusuff Ali MA, Chairman of Lulu Group during a press conference here on Monday. Investments of Rs 3,500 Crores to be committed in Telangana over the next 5 years by the Lulu group, includes Destination shopping mall in Hyderabad with the investment of Rs 2,000 Crores and Mini malls on the outskirts of Hyderabad and other major cities and towns in the state with an investment outlay of Rs 1,000 Crores, he said. Hyderabad is the sixth city after Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore where the group has its presence. Yusuff said that Lulu Group’s investment in the state is the outcome of several discussions and an MOU it signed with the Government of Telangana during Industry Minister KT Rama Rao’s visit to World Economic Forum last year in Davos. The mall will
host a mega Lulu Hypermarket, more than 75 plus local and international brands, 5 screen cinema with a seating capacity of 1,400, multi cuisine food court, and children’s entertainment center, he informed. The mall is conveniently located at Kukatpally in the city and will generate employment for more than 2,000 personnel. Lulu Mall is likely to be inaugurated in August 2023, he said. The highlight of the mall will be 200,000 sq. feet Lulu Hypermarket which will offer extensive range of fresh produce and grocery and will have has separate sections for fashion, home appliances, electronics, mobiles, IT, and lifestyle products under the brand names, ‘Lulu Fashion Store’ and ‘Lulu Connect, he said. There will also be special sections to support and promote the local Telangana based agricultural and trade sectors, to further boost the employment opportunity for local youth, said Mr Yusuff. Additionally, Rs. 200 crore will be spent on an export-oriented modern integrated meat processing plant at Chengicherla with a production capacity of 60 Tonnes per day. The project will generate employment for more than 2,500 personnel. Commercial operations expected to start at the facility in the next 18 months, he said Lulu group also plans for an Agriculture sourcing and logistics hub near the Hyderabad Airport for facilitating exports & promotion of local Telangana produce across India and the world. Other plans include a seafood procurement and processing center to support the fishing industry, he added With its more than 250 Hypermarkets and 24 shopping malls across 22 nations, Lulu Group has been expanding rapidly in India with investments in food processing and retail projects in Ahmedabad, Chennai, Srinagar, Greater Noida, Varanasi.

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