Lulu Mall’s company will invest 10000 crores, destination malls will open in the country

You must remember Lucknow’s ‘Lulu Mall’, yes, the same mall which remained the subject of discussion in the country for a long time. Now the Lulu Group of the United Arab Emirates (UAE), which is making it, is going to invest Rs 10,000 crore in the country. In the next 3 years, this investment will open many destination shopping malls in the country and 50,000 jobs will also be created. Indian-origin industrialist and chairman of Lulu Group, Yusuf Ali told about the future plans of his company on Monday. He said that Lulu Group has already invested Rs 20,000 crore in India. More than 22,000 people have got employment in the country due to their different works.

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Destination malls will open across the country
Lulu Group Chairman Yusuf Ali said that the company will invest Rs 3,000 crore on opening destination malls in different cities of the country. Telangana Industries Minister K. In the presence of T. Rama Rao, he committed to invest Rs 3,500 crore in the state as well. It will also include a destination mall within the state at a cost of 300 crores.

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Lulu Group is now going to open Destination Shopping Mall in the country. Destination shops, stores or malls are retail places where people visit only with the intention of shopping, as these shops or malls either offer special discounts to people or have lots of space and space for an entire holiday. There is an atmosphere. You can think of a destination store as a Decathlon or an Ikea store.

This is Lulu Group’s future plan
Lulu Group says that they have already invested 20000 crores in shopping malls, hotels and food processing units in the country. Now the company is going to increase it. The company has started building a mall in Ahmedabad, while another mall is being built in Chennai. Lulu Group will invest Rs 10,000 crore in the next 3 years. This also includes setting up a new food processing unit in Noida. At the same time, a food processing unit will also be set up in Telangana. In Telangana, the group will set up an integrated meat processing plant, which will be modern as well as export-oriented, spread over 2.2 million sq. ft.

Lulu Group will develop an agri sourcing and logistics hub near the airport in Hyderabad. Apart from this, it will invest in food processing units and retail projects in Ahmedabad, Srinagar, Greater Noida and Varanasi. The company estimates that this investment will create 50,000 jobs in the country.