Lulu Group to begin its operations in Hyderabad with an investment of Rs 3500 Cr

Hyderabad: UAE-based Lulu Group to invest Rs. 3,500 crores in Telangana, focusing on food processing, logistics, and retail outlet.

On Monday, Lulu Group Chairman and Managing Director, MA Yusuff Ali during his meeting with Industries Minister KT Rama Rao and other officials announced in Hyderabad.

The State government already allotted land for a state-of-the-art export processing plant, which will handle the processing of fruits, vegetables, millets, pulses, and spices, adhering to international standards.

Additionally, Lulu Group intends to establish a logistics hub in Hyderabad for grading and packing products as per global requirements.

Explaining Telangana's achievements in paddy production, fishery, dairy, and meat production In response, Yusuff Ali said, “I am impressed with Telangana’s achievements. We have a state-of-the-art fish processing plant at Kochi. A similar plant will be set up in Telangana. The moment the Telangana government allocates land, we will start the work immediately,” Yusuff Ali said.

Yusuff Ali praised Minister KTR commitment to attracting investments, recalling their meetings at the World Economic Forum in Davos. The Lulu Group had signed a Memorandum of Understanding with the Telangana government during the event.

As part of their initial investment, Lulu Group rebranded the Manjeera Mall as Lulu Mall, with an investment of Rs. 300 crore. The 5 lakh square feet mall, set to open in late August or early September, will house a mega Lulu Hypermarket spanning 2 lakh square feet and is expected to employ 2,000 individuals.

Another three malls

The Lulu Group also proposed the establishment of three additional malls in Telangana, including a destination shopping mall in Hyderabad with an investment of Rs. 2,000 crore, as well as mini malls in the outskirts of the city and other major towns.

Land identification for these projects is underway, and the launch is expected within 18 to 24 months.

Minister KT Rama Rao expressed pride in witnessing the success of Yusuff Ali and the Lulu Group, emphasizing Chief Minister K Chandrashekhar Rao's support for Indian companies. "We have been instructed by the Chief Minister to not develop an interest in foreign companies, but to support and promote Indian companies."

Telangana's emergence as the largest paddy producer in the country resulted in neighbouring states seeking paddy supplies from the region. Minister assured that political differences would not hinder support to neighbouring states in need.

Furthermore, the State government issued orders allowing 24x7 operations for retail outlets, providing a favourable environment for Lulu Group's operations in multiple shifts. Telangana's inland fisheries production ranked the state at the top, and a large aqua hub spread across 370 acres is being established in Rajanna Sircilla. Additionally, a mega-dairy plant, invested with Rs. 300 crore by the State government, is set to open in August.