Lulu Group to invest Rs 1,000cr in the Indian state of Uttar Pradesh


January 5, 2016 | By RetailME Bureau

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.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


#Topshelftalks session at Food Business Forum 2024

Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital 

Continue Reading

July 3, 2024 | By Anurima Das
#EdgeOfTomorrow session at Food Business Forum 2024

The regional grocery retail market is evolving fast keeping pace with constantly 

Continue Reading

July 3, 2024 | By Rupkatha B
#CartToCouch session at Food Business Forum 2024

If anything, the Middle East market is excited about quick commerce – 

Continue Reading

July 2, 2024 | By Rupkatha B
#EcoEchoes session at Food Business Forum 2024

From ethical and local sourcing to adopting cutting-edge technologies to curb food 

Continue Reading

July 2, 2024 | By Rupkatha B
#ByteSizedBreakthroughs session at Food Business Forum 2024

The regional grocery retail market is becoming more and more diverse, offering 

Continue Reading

July 2, 2024 | By Rupkatha B

Spinneys, the leading premium fresh food retailer, has announced the opening of 

Continue Reading

June 24, 2024 | By RetailME Bureau

Spinneys has announced the launch of The Kitchen by Spinneys, its first-ever 

Continue Reading

May 20, 2024 | By RetailME Bureau

In a move set to redefine the landscape of the Fast Moving 

Continue Reading

May 16, 2024 | By RetailME Bureau
Sunil Kumar and Ali Saeed Juma Albwardy, Spinneys

One of UAE’s leading fresh food retailers, Spinneys has announced its intention 

Continue Reading

April 19, 2024 | By RetailME Bureau
Laura Manning, Managing Director & Founder, BRW Society

Launched in 2019 by Laura Manning, UAE-based homegrown brand BRW Society completes 

Continue Reading

April 5, 2024 | By Rupkatha B
Rajiv Warrier, Chief Executive Officer, Choithrams

Since the launch of its first store in the UAE five decades 

Continue Reading

March 20, 2024 | By RetailME Bureau
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC

Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds 

Continue Reading

February 29, 2024 | By Rupkatha B




Download Images RetailME Magazine