We have always wanted world-class facilities in our state, especially in the retail and food sector. Being a leader in these sectors, Lulu Group is our natural choice and we have extended our fullest support and look forward to working with them on many more projects in the future” said KT Rama Rao the Minister for IT.
Lulu Group has signed a memorandum of understanding with the Indian state of Telangana to develop retail and food processing industry in the state.
Under this MOU, Lulu will invest an amount of Rs. 2500 crores billion to construct 1.8 million sq. feet area of a mega shopping mall, setting up of food processing plant and a logistics & export processing unit for fruits & vegetables.
The agreement was signed during the UAE visit of KT Rama Rao, Telangana minister for Industries, Commerce, IT & Urban Development along with a high-level delegation to LULU group HO in Abu Dhabi.
Yusuffali MA, Chairman, Lulu Group comment “As part of our expansion plans for India, we are excited to sign these MOUs today.
Telangana being the newest state offers great potential for expansions and the kind of support and cooperation we have been receiving from the Govt. has been very encouraging.
