A leading LULU Group retail chain in the Middle East, plans to invest Rs.2, 500 crore in Telangana next year. Telangana Minister for IT K.T. Rama Rao called on him in Dubai shared the information by M.A. Yusuf Ali, the chairman of Abu Dhabi-based group.
LULU group has over 100 hypermarkets and a turnover of over $5 billion, it is largest retail chain in Middle-East, gave an official statement.
The LULU group planning for three projects in Telangana an integrated meat processing unit, and a modern shopping mall and a fruit and vegetable processing unit in hyd.
Ali is one of the wealthiest people of Indian-origin in the Gulf.
A troupe from the crew planning to visit in first half of January 2015 with complete reports of project. It will seek relief of the government in classify suitable land for the three projects along with seek help in obtaining various approvals.