LuLu Group chairman Yusuffali MA announced investment worth Rs 1,000 crore ($150 million) in Uttar Pradesh’s (UP) state capital Lucknow, where he plans to build a convention centre, shopping mall and a five-star hotel.
“As a businessman I travel to many countries. Whether I go to Europe, Asia or Far East, or in the Gulf countries, I always find non-resident Indians (NRIs) particularly from UP and Kerala. When I went to Kenya, my friends in the business said ‘Humara tan Africa mein hai, humara dhan London mein hai, lekin humara man Hindustan mein hai’,” Yussufali expressed while addressing the crowd at the maiden UP Pravasi Diwas.
“I have a very close association with UP. Nearly 2,000 persons from UP are working in our food processing companies. I was offered a doctorate by different universities of the world, but the only one I accepted was from the Aligarh Muslim University in UP. After receiving the doctorate there I mentioned the need for sports and for students to have sports complex to promote health. I donated $2 million to construct sports complexes for boys and girls,” he shares.
This time Lulu Group’s investment in UP will create an employment for 3,000 people. “I don’t believe in declarations, but in work. If everything is ready, we promise to begin our construction,” Yusuffali emphasises.
The chief minister of UP Akhilesh Yadav said the Pravasi Diwas was a positive start to the state government’s efforts to reach out to NRIs and for the state machinery to facilitate their connection with roots. “I welcome Yusuffali’s promise to invest in UP. The government will make every effort to ensure that land and any other assistance is provided to him so that he can begin work,” Yadav asserts.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
The Ministry of Human Resources and Social Development in Saudi Arabia has
Extravagant, conceptual, great food and views are some of the ways that
Abu Dhabi’s state investment company ADQ is in talks to invest about $500 million
The once powerful department stores that anchored malls and streets around the
Who isn’t a sucker for discounts? Customers today are spoiled for choice
The various e-commerce and virtual retail stores that cater to different product
A private helicopter carrying the chairman and managing director of Lulu Group,
Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of
All hotels and restaurants have been directed to temporarily hold entertainment activities
The new Dubai Gold Souk is “very much on track”, according to
Gone are the days of traditional brick-and-mortar as well as purely e-commerce
The Dubai Gold & Jewellery Group’s ongoing jewellery campaign, held in association