{"id":23428,"date":"2023-06-28T15:03:10","date_gmt":"2023-06-28T15:03:10","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=23428"},"modified":"2023-06-28T15:03:10","modified_gmt":"2023-06-28T15:03:10","slug":"lulu-group-to-invest-in-india","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/06\/28\/lulu-group-to-invest-in-india\/","title":{"rendered":"LuLu Group to invest $1.2 billion in India over three years\u00a0"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\">UAE-based retail conglomerate <a href=\"https:\/\/lulumall.in\/\" target=\"_blank\" rel=\"noopener\">LuLu Group<\/a> is set to invest an additional $1.2 billion (Rs 100 billion) in India on various ongoing projects over the next three years, as announced by the Group&#8217;s chairman, Yusuff Ali MA.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The projects seek to provide employment to 50,000 people in India. So far, his various enterprises have resulted in more than 22,000 jobs.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Mr Ali MA said: &#8220;We have got an investment of more than Rs 200 billion in different areas including shopping malls, hotels, and food processing units in India. We will increase this.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe have started the construction of shopping malls in Ahmedabad and Chennai. A food processing plant is coming up in Noida, in Uttar Pradesh and another one in Telangana. It is Rs 100 billion investments in the next three years.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The conglomerate has already made an estimated Rs 200 billion in several projects in the country.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/www.meretailnews.com\/2023\/06\/26\/lulu-group-mall-in-hyderabad\/\">Lulu Group<\/a> has committed around Rs 35 billion in investments in the southern Indian state of Telangana in the next five years in various projects, including a Destination Shopping Mall, according to PTI&#8217;s report.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Lulu&#8217;s new 500,000 square feet Mall, built with an investment of Rs three billion in Hyderabad, is scheduled to be inaugurated in August, while an export-oriented modern integrated meat processing plant and the Destination Mall are in the pipeline.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UAE LuLu Group is going to invest an additional $1.2 billion in India on various active projects over the next three years<\/p>\n","protected":false},"author":40,"featured_media":23417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[4014],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23428"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=23428"}],"version-history":[{"count":2,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23428\/revisions"}],"predecessor-version":[{"id":23430,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23428\/revisions\/23430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/23417"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=23428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=23428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=23428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}