+
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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code