Multinational Conglomerate Lulu Group Plans INR 10,000 Cr Investment in India

Indian Emirati-based multinational conglomerate company Lulu Group has stated that over the next three years, they would spend over Rs 10,000 crore in a variety of active projects throughout India, creating over 50,000 new jobs.

The business has broken ground on malls in both Ahmedabad and Chennai. The company also plans to build a food processing facility in Noida or Telangana. Five lakh square feet and 300 crore rupees later, in August 2023, the Lulu Mall will open in Ahmedabad. A 2.2 million square foot destination mall and an export-focused integrated meat-processing facility are also on the agenda for Lulu Group's development.

Lulu Group plans to spend over Rs 3,500 crore in different projects throughout Telangana over the next five years. Destination retail mall construction is included, with an estimated price tag of over Rs 3,000 crore. In addition, the business plans to set up shop near Hyderabad Airport to serve as a sourcing and logistical centre for agricultural goods made in Telangana and destined for sale in India and beyond.

The Department of Municipal Administration and Urban Development has requested that Lulu Group establish fish processing and meat processing factories in the state, and the company has agreed to do so. In addition, the corporation would stock its supermarkets with rice sourced from Telangana.