UAE-based Lulu Group International will be investing Rs 10,000 crore in India on various ongoing projects over the next three years; this announcement was made by Yusuff Ali MA, the Chairman of Lulu Group, during a press conference. It is worth noting that the conglomerate has already invested over Rs 20,000 crore in the country, showcasing its commitment to India’s growth and development.
Lulu Chairman Yusuff Ali MA said his aim is to not only set its sights on substantial investments in India but also on providing employment opportunities. With a commitment to employ 50,000 individuals, Lulu Group has already made significant strides by employing over 22,000 people.
In the presence of Telangana Minister for Industries K T Rama Rao, Yusuff Ali MA emphasized Lulu Group’s investment plans for Telangana. The conglomerate has pledged approximately Rs 3,500 crore over the next five years, focusing on various projects, including the development of destination shopping malls. These malls are known for their distinctive offerings, such as special pricing, unique items, and a welcoming atmosphere, similar to renowned brands like Ikea or Decathlon.
“We have investments of more than Rs 20,000 crore in different areas including shopping malls, hotels, and food processing units (in India). We will increase this,” he said.
We have started the construction of a shopping mall in Ahmedabad. And also, another one in Chennai is coming up. A food processing plant is coming up in Noida, and another one is in Telangana. It is Rs 10,000 crore investments in the next three years,” Yusuff Ali said when asked about the overall investments in upcoming projects.
Lulu Group, India
Yusuff Ali MA, the Chairman of Lulu Group, acknowledged the positive impact of Prime Minister Narendra Modi’s liberalized NRI investment laws. These progressive policies have created an environment where investments made by non-resident Indians are considered on par with domestic investments. This inclusive approach has encouraged greater participation from NRI investors, fostering economic growth and facilitating the realization of ambitious projects.
Among Lulu Group’s notable projects, the upcoming inauguration of a five lakh sq ft Lulu Mall, constructed with an investment of Rs 300 crore, is scheduled for August. This expansive retail space promises to offer a diverse shopping experience to customers.
Additionally, Lulu Group is spearheading the development of an export-oriented modern integrated meat-processing plant, as well as a state-of-the-art destination mall spanning an impressive 2.2 million sq ft. These ventures will surely enhance India’s retail and manufacturing sectors.
The Wide Net
Lulu Group has outlined its intentions to establish an agriculture sourcing and logistics hub near Hyderabad Airport, aimed at streamlining exports and showcasing local Telangana produce to both the Indian and global markets. The conglomerate’s expansive presence, boasting over 250 hypermarkets and 24 shopping malls across 22 countries, reflects its rapid expansion in India. Lulu Group’s investments have been directed towards food processing and retail projects in cities such as Ahmedabad, Chennai, Srinagar, Greater Noida, and Varanasi, further solidifying its commitment to the Indian market.
Minister Rama Rao made a request to Yusuff Ali, urging Lulu Group to establish fish processing and meat processing plants. Additionally, he suggested procuring rice from Telangana to supply in Lulu Group’s hypermarkets. Acknowledging the Minister’s proposal, the Chairman of Lulu Group agreed to the plans, highlighting the conglomerate’s commitment to supporting the local agricultural and food processing industries.
In another significant development, Lulu Group is preparing to launch its first mall in Telangana, specifically in the state capital of Hyderabad. As the UAE-based retailer expands its presence in India, the upcoming mall in Hyderabad marks an important milestone.
Lulu Group’s foray into Telangana demonstrates its confidence in the state’s potential and its commitment to providing a world-class shopping experience to the residents of Hyderabad. The mall’s launch is scheduled to take place by August, further enriching the retail landscape in the region.
The Chairman of Lulu Group emphasized that their investment in Telangana resulted from extensive discussions and a Memorandum of Understanding (MoU) signed with the government. This agreement was established during Industry Minister KT Rama Rao’s visit to the World Economic Forum held in Davos last year.
The collaborative efforts between the Lulu Group and the Telangana government prove the strong partnership formed to drive economic growth and development in the region.
With regards to the Lulu Mall project, it is expected to be inaugurated in August 2023. Hyderabad will become the sixth city, following Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore, where Lulu Group establishes its presence.
This expansion into Hyderabad signifies the conglomerate’s strategic growth plans and highlights the city’s importance as a thriving market. Lulu Group’s continued expansion across multiple cities reinforces its commitment to providing exceptional retail experiences to customers while contributing to the economic landscape of these regions.
The Lulu Mall in Hyderabad, formerly known as Manjeera Mall, has undergone a transformation with an impressive investment of Rs 300 crore. This rebranded mall, spanning 5 lakh square feet, is poised to provide an international shopping experience to the residents of Hyderabad and its surrounding areas.
The Chairman of Lulu Group stated that the mall would feature a mega Lulu Hypermarket, over 75 local and international brands, a 5-screen cinema with a seating capacity of 1,400, a multi-cuisine food court, and a dedicated children’s entertainment center. Located conveniently in Kukatpally, the mall is expected to generate employment opportunities for more than 2,000 personnel, further contributing to the local economy.
In addition to the mall, Lulu Group has allocated Rs 200 crore for the establishment of an export-oriented modern integrated meat processing plant in Chengicherla. With a projected production capacity of 60 tonnes per day, this state-of-the-art facility is set to be operational within the next 18 months.
The investment in the meat processing plant, and Lulu Group’s commitment to expanding its manufacturing capabilities in Telangana while also tapping into the export market. This venture will not only bolster the local economy but also contribute to the growth of the meat processing industry in the region.
In addendum to its current investments, Lulu Group has announced a substantial commitment of Rs 3,500 crore in Telangana over the next five years. This comprehensive investment plan encompasses various projects aimed at enhancing the retail landscape and promoting economic growth in the state.
Notably, a significant portion of these investments, amounting to Rs 2,000 crore, will be directed towards the development of a Destination shopping mall in Hyderabad. This large-scale project is expected to create a dynamic retail environment and provide an immersive shopping experience for residents and visitors alike.
Likewise, Lulu Group plans to establish mini-malls in the outskirts of Hyderabad, as well as other major cities and towns in Telangana, with an investment outlay of Rs 1,000 crore. These mini-malls will bring convenience and accessible shopping options to local communities, contributing to their economic development.
Yusuff Ali MA, Chairman of Lulu Group, also shared the conglomerate’s vision for establishing an agriculture sourcing and logistics hub near Hyderabad Airport. This strategic initiative aims to facilitate exports and promote local Telangana produce both within India and globally.
By establishing this hub, Lulu Group intends to strengthen the agricultural sector, streamline the supply chain, and showcase the rich agricultural heritage of Telangana. Additionally, the group plans to support the fishing industry by establishing a seafood procurement and processing center. These efforts align with Lulu Group’s commitment to sustainable sourcing practices and promoting local industries, further bolstering the economic growth and development of Telangana.
Lulu Group’s expansion plans in India have been marked by remarkable growth, with a strong presence in the retail industry. With a portfolio that includes over 250 hypermarkets and 24 shopping malls spread across 22 countries, Lulu Group has been making substantial investments in various cities in India. Some of the prominent locations for their food processing and retail projects include Ahmedabad, Chennai, Srinagar, Greater Noida, and Varanasi.
Lulu Group, headquartered in Abu Dhabi, UAE, has established itself as a trailblazer in the retail sector, particularly in the Middle East and North Africa region. Operating a vast network of hypermarkets and supermarkets, the group has garnered immense popularity among discerning shoppers across the GCC, Egypt, India, Indonesia, and Malaysia.
Lulu Group’s stature for quality, variety, and customer-centric approach has positioned it as a leading player in the retail industry.
The group’s success is further reflected in its workforce, which comprises over 65,000 employees from 42 different nations. With such a diverse and skilled workforce,
The Last Bit, Lulu Group, persists in driving its operations forward, delivering exceptional service and catering to the needs of customers around the globe. Its outstanding annual turnover of USD 8 billion thus highlights the scale and impact of its operations, solidifying Lulu Group’s position as a key player in the global retail market.
