Lulu Group ventures out in Sri Lanka


May 17, 2017 | By RetailME Bureau

UAE-based retailer Lulu Group has inaugurated a world-class sourcing, food processing and export unit in Sri Lanka. The move will further boost its sourcing operations and help bring quality products for its large chain of hypermarkets.

Sagala Ratanayaka, chief of staff to the prime minister & minister for law & order and Southern Development, inaugurated the group’s project. Y.A.S. Lank. Duminda Disanake, agriculture minister; Navin Disanayake, minister of plantation industries; Eran Wickramaratne, state enterprise development minister; Yusuffali MA, chairman of Lulu Group; and other officials attended the ceremony.

Ideally located in the Katanayake Export Processing Zone, near Colombo International Airport, the facility will primarily focus on sourcing, processing, storing, packaging and exporting of fruits, vegetables and commodities from Sri Lanka to various Lulu operations around the world.

“It is part of our ongoing strategy to set up own sourcing and food processing units around the world to ensure uninterrupted supply and maintain competitive pricing by eliminating third parties. Sri Lanka has a vast variety of fruits, vegetables and an extensive range of commodities. We are working closely with the Ministry of Southern Development and the Government of Sri Lanka to boost the export of these. We are already exporting about $5 million worth of fruits, vegetables and commodities, which could increase to $10 million by the end of first year,” says Yusuffali.

The quantum of exports is set to rise from the current 3,500 tonnes to 7000 tonnes.

Currently Lulu Group operates 134 hypermarkets in 10 countries in the GCC, Egypt, India and the Far East and employs over 40,000 people. Last year, the group recorded an annual turnover of $6.9 billion and was ranked as the number one retailer in the Middle East & North Africa region and one of the top 50 fastest growing retailers in the world, according to Deloitte.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot 

Continue Reading

May 9, 2022 | By Shruthi Nair

Eid Al-Fitr is an occasion to gather with your friends and family 

Continue Reading

April 29, 2022 | By Zubina Ahmed

Leading retailer LuLu Group further strengthened its presence in the Emirate of 

Continue Reading

April 28, 2022 | By RetailME Bureau

Jones the Grocer, the Australian gourmet grocer and café chain, announces further 

Continue Reading

April 28, 2022 | By RetailME Bureau

What is a perfect healthy snack for Ramadan? An assortment of  dried 

Continue Reading

April 14, 2022 | By Zubina Ahmed

With Ramadan almost at it’s first week, we are wondering where can 

Continue Reading

April 6, 2022 | By Zubina Ahmed

In spirit of the holy month, Amazon announced that it will contribute 

Continue Reading

April 5, 2022 | By RetailME Bureau

As consumer behaviour is changing and the demand for delivery is expanding, 

Continue Reading

March 30, 2022 | By Zubina Ahmed

As part of the ‘Gift an Iftar’ campaign, Festival Plaza, part of 

Continue Reading

March 30, 2022 | By RetailME Bureau

The Michelin Guide, a book published by the French tyre company that 

Continue Reading

March 30, 2022 | By RetailME Bureau

As the UAE eases pandemic restrictions and encourages the renewal of business 

Continue Reading

March 29, 2022 | By RetailME Bureau

Papa John’s International, Inc. has announced a new partnership with ENOC Group 

Continue Reading

March 29, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine