+
Lulu Group invests Rs 100 bn in India's ongoing projects
ECONOMY & POLICY

Lulu Group invests Rs 100 bn in India's ongoing projects

The UAE-based conglomerate, Lulu Group, announced its plan to invest more than Rs 100 billion in India on various ongoing projects over the next three years. They stated that this investment would create employment opportunities for approximately 50,000 individuals.

According to reports, the company has initiated the construction of a shopping mall in Ahmedabad, and another one is set to be established in Chennai. Additionally, they will be setting up a food processing plant in Noida and Telangana.

It was revealed that the Lulu Mall, spanning across five lakh square feet and costing Rs 3 billion, is scheduled to be inaugurated in August 2023. Furthermore, the conglomerate intends to establish a state-of-the-art integrated meat-processing plant and a destination mall, covering an area of 2.2 million square feet, with a focus on exports.

Lulu Group has expressed its interest in investing approximately Rs 35 billion in Telangana for various projects within the next five years. This includes the development of destination shopping malls, estimated to cost nearly Rs 30 billion. They also plan to create an agriculture sourcing and logistics hub near Hyderabad Airport to facilitate the export of locally manufactured products from Telangana to different parts of India and the global market.

Moreover, Lulu Group has accepted the proposal from the Department of Municipal Administration and Urban Development to establish fish processing and meat processing plants in the state. Additionally, they have agreed to procure rice from Telangana and supply it to their hypermarkets.

Also read:
Government to launch Pan-India Construction Worker
Maha CM lays foundation stone of development works in Nanded


The UAE-based conglomerate, Lulu Group, announced its plan to invest more than Rs 100 billion in India on various ongoing projects over the next three years. They stated that this investment would create employment opportunities for approximately 50,000 individuals. According to reports, the company has initiated the construction of a shopping mall in Ahmedabad, and another one is set to be established in Chennai. Additionally, they will be setting up a food processing plant in Noida and Telangana. It was revealed that the Lulu Mall, spanning across five lakh square feet and costing Rs 3 billion, is scheduled to be inaugurated in August 2023. Furthermore, the conglomerate intends to establish a state-of-the-art integrated meat-processing plant and a destination mall, covering an area of 2.2 million square feet, with a focus on exports. Lulu Group has expressed its interest in investing approximately Rs 35 billion in Telangana for various projects within the next five years. This includes the development of destination shopping malls, estimated to cost nearly Rs 30 billion. They also plan to create an agriculture sourcing and logistics hub near Hyderabad Airport to facilitate the export of locally manufactured products from Telangana to different parts of India and the global market. Moreover, Lulu Group has accepted the proposal from the Department of Municipal Administration and Urban Development to establish fish processing and meat processing plants in the state. Additionally, they have agreed to procure rice from Telangana and supply it to their hypermarkets. Also read: Government to launch Pan-India Construction Worker Maha CM lays foundation stone of development works in Nanded

Next Story
Products

Sleek Kitchen Solutions

Häfele has launched the Profin range of aluminium profiles for open, modern kitchens. The collection includes Gola Profiles, Stack Modular Shelving, Rail Door Profiles, and Strike Shelving System—all designed for seamless integration and contemporary appeal. Available in five finishes—Silver, Graphite, Gold, Rose Gold, and Dark Bronze—the profiles offer both subtle elegance and striking contrast.Contact: HäfeleWebsite: www.hafeleindia.com/en/ ..

Next Story
Technology

DEV IT Wins Rs 40.4 Mn tech deal with Alivus Lifesciences

Dev Information Technology, a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has secured significant orders worth approximately Rs 40.4 million from Alivus Lifesciences. The wins reflect DEVIT’s growing presence in the enterprise technology space and its ability to deliver value-driven IT solutions.The engagement includes a significant order of Rs 30.60 million for Microsoft Select Plus perpetual licenses. While the licenses will be billed directly by the Licensing So..

Next Story
Infrastructure Energy

CRISIL Rates ACME Raisar Solar's Rs 8.80 Bn Loan 'AA-/Stable'

CRISIL Ratings has assigned 'CRISIL AA-/Stable’ rating to long-term bank facilities of ACME Raisar Solar Energy, wholly owned subsidiary of ACME Solar Holdings. This rating is assigned to 300 MW (AC) capacity located in Fategarh, Rajasthan for its Rs 8.90 billion term loan facility from REC.CRISIL cited robust revenue visibility, strong financial metrics & debt servicing capability, and a secure cash flow mechanism as key strengths underpinning AA-/Stable rating, one of the highest ratings accorded by the rating agencies. The rating reflects ARSEPL's strong operational profile supported by a..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?