Sri Krishna
LuLu Group, a retail giant headquartered in Abu Dhabi, has embarked on its expansion into the southern Indian state of Telangana with the inauguration of its inaugural 500,000 square-foot mall and hypermarket in the state’s capital city, Hyderabad.
Over the next three years, the group has outlined plans to invest Rs35 billion in Telangana. Hyderabad marks the sixth city where the group has established a presence, following Kochi, Thiruvananthapuram, Bengaluru, Lucknow, and Coimbatore.
The grand opening of LuLu Mall was officiated by KT Rama Rao, Telangana’s Minister for IT, Industries, and Urban Development, while LuLu Hypermarket was opened by Aaref Ali Al Taboor Al Nuaimi, the UAE Consul-General in Hyderabad. The ceremony was attended by Yusuffali MA, the chairman and managing director of LuLu Group, along with other dignitaries.
Rao expressed his gratitude and support for LuLu Group’s endeavors in Telangana, stating, “LuLu Group can utilize Telangana as a launching pad for numerous beneficial initiatives. The government is committed to providing full support to the group. I want to extend my thanks to Yusuffali MA for his generosity, kindness, and visionary approach.”
The newly constructed shopping mall, representing an investment of Rs3 billion, is situated in the rapidly developing Kukatpally area of Hyderabad. Its establishment is the result of extensive discussions and a Memorandum of Understanding signed with the Government of Telangana during Rao’s visit to the World Economic Forum in Davos the previous year.
Yusuffali MA disclosed the group’s broader investment plans in Telangana, saying, “This marks our initial venture in the state. Our next project will involve an export-oriented, state-of-the-art food processing facility, including a meat processing center in Hyderabad. We also plan to establish a seafood procurement and processing center to support the local fishing industry, with an investment of approximately Rs3,500 crores over three years. This includes the creation of destination shopping malls, mini-malls, and agricultural sourcing hubs to promote 100 percent exports and bolster the local Telangana brand both within India and internationally.”
Yusuffali praised the state’s favorable business environment, stating, “We engaged in numerous productive discussions with the state government, and their rapid approval of our project is praiseworthy. KTR, as Rao is popularly known, worked tirelessly during the last World Economic Forum to attract investors. I was genuinely impressed by his dedication and hard work.
Please Subscribe Us to get updated with Qatar News, Saudi News, Kuwait News, Health News, UAE News, Iqama, Visa, Jobs, Banking and More
