Team Blitz India
HYDERABAD: UAE-based Lulu Group is working on various projects in India and will invest Rs10,000 crore over the next three years.
The ongoing projects in states like Telangana, Ahmedabad, Uttar Pradesh, etc will provide around 50,000 employment, Lulu chairman Yusuff Ali MA said on July 26 in Hyderabad The UAE-based conglomerate has pumped up a total of Rs 20,000 crore in India till now. He claimed that the company’s different projects in India have provided around 22,000 jobs. One of the company’s projects is near completion. The five-lakh square feet Lulu Mall built with an investment of Rs 300 crore will be inaugurated in August.
He also said that the company will also complete its other project of constructing an exportoriented modern integrated meat processing plant and state-of-theart Destination Mall (2.2 million sq ft ) in the country.
Lulu Group will invest around Rs 3,500 in Telangana in the coming five years as the company is working on different projects, including a Destination Mall worth ₹3,000 crore, Ali said.
