LuLu Group to infuse Rs 3,500 cr to provide over 15,000 jobs in TN

30 Mar 2022 CW Team

On Monday, the UAE-based LuLu Group, a $7.4 billion retail conglomerate, inked a memorandum of understanding (MoU) with the Tamil Nadu government to infuse Rs 3,500 crore in the state to create over 15,000 direct and indirect job opportunities to youth in the coming three years.

The chief minister-led delegation inked several MoUs with investors to draw Rs 6,100 crore investment during the five-day visit to the UAE. The MoU was inked in the presence of chief minister M K Stalin and the chairman of LuLu Group MA Yusuff Ali in Abu Dhabi. The first shopping mall will be set up in Chennai by 2024, while the first hypermarket is likely to launch by this year-end in Coimbatore, at the Laxmi Mills compound. LuLu Group will additionally install a food processing and logistics centre for exports to the Middle East. A high-level delegation from the firm will shortly visit the state to finalise locations and complete other investment formalities.

Tamil Nadu led by dynamic chief minister M K Stalin renders excellent infrastructure and help to the investors, and they are very happy to explore bigger investment opportunities not just in Chennai but also in tier two cities like Coimbatore, Salem, Madurai and Trichy, as per Yusuff Ali.

In India, the group has three shopping malls in Thiruvananthapuram, Bengaluru and Kochi. Its fourth mall is likely to be opened in Lucknow by the May end of 2022. Earlier, Stalin met Abdullah Mohamed Al Mazrouei, the elected chairman of the Federation of UAE Chambers of Commerce and Industry and invited UAE firms to install food processing units, food parks and cold chains and logistics facilities in Tamil Nadu to export food products to UAE, the Middle East and North African nations.

Image Source

Also read: Lulu Group to spend Rs 2,000 cr to form shopping mall near Ahmedabad

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..