Lulu Group to invest Rs 10,000 crore in India over the next three years
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Yusuf Ali also said that Lulu Group has committed to invest around Rs 3,500 crore in various projects including Destination Shopping Mall (Rs 3,000 crore) in Telangana during the next five years
Hyderabad. United Arab Emirates (UAE) based Lulu Group will invest Rs 10,000 crore on existing projects in India during the next three years. Yusuf Ali MA, Chairman, Lulu Group gave this information here on Monday. He said that the group has invested more than Rs 20,000 crore in the country. He said that he aims to provide employment to 50,000 people in India and so far his various ventures have created over 22,000 jobs.Yusuf Ali also said that Lulu Group has committed to invest around Rs 3,500 crore in various projects including Destination Shopping Mall (Rs 3,000 crore) in Telangana during the next five years.
“We have invested over Rs 20,000 crore (in India) in various sectors including shopping malls, hotels and food processing units,” he said. We will increase it. When asked about the total investment in the upcoming projects, Yusuf Ali said, “We have started the construction of a shopping mall in Ahmedabad. We are building another shopping mall in Chennai. One food processing plant is being set up in Noida and another in Telangana. All these projects will see an investment of Rs 10,000 crore in the next three years. He further said that Prime Minister Narendra Modi has liberalized NRI investment laws and now NRI investments are considered as domestic investments.,
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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