Abu Dhabi-based LULU Group, owned by Indian origin businessman M A Yusuf Ali, has announced that it will invest Rs 2,500 crore in Telangana in the next one year.
The LULU group is the largest retail chain in the Middle-East having over 100 hypermarkets and a total turnover of over $5 billion, it said.
The LULU group is the largest retail chain in the Middle-East having over 100 hypermarkets and a total turnover of over $5 billion, it said.
According to the government, the LULU group will invest in three projects in Telangana: a fruit and vegetable processing unit, an integrated meat processing unit; and a modern shopping mall in Hyderabad.
A team from the group will visit Hyderabad in the first half of January 2015 with detailed project reports and seek assistance of the government in identifying suitable land, a statement said.
