Lulu Group is a UAE based company which is planning to move in the Indian market. Lulu Group is leader in many groups including
- Retail Industry
- Trading Industry
- Shipping Industry
- IT Industry
- Travel & Tourism Industry
- Education Industry and among others
Lulu Group is one of the biggest groups which are well known for dealing in Hypermarkets, Supermarkets & Dept. Stores, Express Stores, and Shopping Malls. Group had now announced to invest Rs 2,500 crore in Telangana. Group will invest this money in retail and substance affecting the sector. The company plan to set up a food processing plant in the state. In this food processing unit processing of fruits and vegetables will be done.
Meet processing will also be done under the different section in this unit. This will be the first food processing unit of Telangana and this will be the first investment of Lulu group in Telangana state India. For this company had signup a memorandum with the government of the state.
In spite of that company will also set up a mega shopping mall which will spread over 1.8 million square feet in India. Company person says that work will start within the next three month as state government already gives the green signal for it.
Under this plan, the company assures to give employment to 6,000 people in the state. And hence it will increase the growth chances of state. No doubt after this plan the door of success will open for people of the state.