Lulu Group employs more than 65,000-plus strong workforce from 42 different nations and has an annual turnover of USD 8 billion globally….reports Asian Lite News
UAE-based retailer LuLu Group is set to construct what it termed India’s biggest shopping mall, in Ahmedabad, with an estimated cost of Rs 4,000 crore.
The construction for the proposed shopping mall will start in 2024 itself, said Yusuff Ali MA, Chairman and Managing Director of Lulu Group International, talking to ANI on the sidelines of the ongoing Vibrant Gujarat Global Summit.
A miniature has been put up for display at the UAE stall in Vibrant Gujarat.
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“The construction for India’s biggest shopping mall will start, and it is a miniature (model). The construction will start this year itself,” said Ali.
In September 2023, Yusuff Ali gave a hint that his group was going to set up two large shopping malls in India – in Ahmedabad and Chennai.
“We are going to construct one of the largest shopping malls in Ahmedabad and Chennai and we are opening our shopping mall in Hyderabad end of this month. Also we are going to different states for shopping malls and food processing,” he had said, speaking to ANI.
Currently, it has malls in six Indian cities — Kochi, Thiruvananthapuram, Bengaluru, Lucknow, Coimbatore, and Hyderabad being the latest.
Lulu Group, headquartered in Abu Dhabi, UAE, has been known as a trendsetter in the retail industry in the Middle East and North Africa region. It operates over 250 hypermarkets and supermarkets and is immensely popular with discerning shoppers across the GCC, Egypt, India, Indonesia, and Malaysia.
Lulu Group employs more than 65,000-plus strong workforce from 42 different nations and has an annual turnover of USD 8 billion globally.
Earlier, Yusuff Ali said that India under the “dynamic leadership” of Prime Minister Narendra Modi is considered as an emerging power and one of the strongest economies in the world. He said that 3.54 million Indians form an integral part of development of UAE’s economy. “Today, the common focus of both UAE and India is peace, stability, and economic progress.
UAE under the visionary leadership of His Highness Sheikh Mohamed Bin Zayed Al Nahyan is a dynamic and one of the most advanced nations in the world. On other hand, India under the dynamic leadership of Shri Narendra Modi Ji is considered as an emerging power and one of the strongest economies in the world,” Yusuff Ali MA said.
“More than 3.54 million Indians form an integral part of growth and development of UAE’s economy and society. Indians are also earning their present better with that most dignity and respect here,” he added.
He said that India and UAE will continue to move forward with greater cooperation. He called Abu Dhabi a safe and secure place to work and live and an incubator for talents, innovators and entrepreneurs.
“There are no limits of relationship between both our countries as rightly our minister mentioned. So, we would continue to move forward with greater cooperation. Today UAE, Abu Dhabi, particularly has become a key economic hub and the preferred go to destination due to its advanced world class architecture and huge investment opportunities in key sectors, including energy, IT, logistics, food medicine, tourism, and….,” he said.
Heaping praise on PM Modi for his leadership, he said that India has liberalized a lot of policies, especially the investment policy for non-resident Indians.
“In India, under the dynamic leadership of the Prime Minister. they liberalized a lot of policies, especially the investment policy for non-resident Indians. We had non-resident Indians had a lot of problems in Western India. But under the dynamic leadership of our prime minister Narendra Modi ji. They liberalised and now NRI investment is treated as domestic investment. This is a great opportunity for non-resident Indians back home to invest in India,” Yusuff Ali MA said. (ANI)
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