You must have heard the name of Lulu Group. Lulu Group International (LGI) is headquartered in Abu Dhabi, the capital of the United Arab Emirates (UAE). The group is going to invest Rs 5,000 crore in India in the next four-five years. This is expected to create about 15,000 employment opportunities.
Do you know where this news came from?
MA Ashraf Ali, executive director of Lulu Group International, made this announcement during the ‘Invest Kerala Global Summit’ (IKGS) last Saturday. He said, “This investment will be mainly in food processing, Global City Project and IT Park. Its entire plan is being prepared right now. ” He said that in this regard, discussions have been held with State Industries Minister P Rajiv.
Food processing sector will be created in 20 acres
He said that the proposed food processing area would be built on an area of 20 acres in Kalmassery. Fruits and vegetables will be processed there. Lulu Group will also invest in IT and Fintech areas in the Global City Project proposed by the state government in Kochi. Ali said, “There will be large cold storage in the food processing sector. Fruits and vegetables from Kerala and Tamil Nadu will be collected and sent to Kochi Airport. From here, new products will be made from them and sold in other countries. ”
Many projects of Lulu Group in Kerala
Lulu Group International is constructing two IT towers in International Kochi. Of these, about 25,000 people will get employment. It is being said that this tower will be operational in three months. In the retail region, the company is developing small shopping malls in Perinthalmanna, Tirur, Kannur, Kasargod and Thrissur.
