Lulu Group inaugurates Hyderabad mall, outlines a Rs 3,500 crore investment plan.

Introduction

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The first Lulu Mall in the world was not in India but in the United Arab Emirates. The first Lulu Mall is called “Lulu Hypermarket” and was established in 2000 in Abu Dhabi, UAE, by the EMKE Group, which is owned by M.A. Yusuff Ali. This hypermarket eventually led to the expansion of the Lulu Mall chain, including the famous Lulu International Shopping Mall in Kochi, India, which opened in 2013.

Lulu Mall is a chain of shopping malls in India, and one of the largest mall operators in the country. The first Lulu Mall, named Lulu International Shopping Mall, was inaugurated in Kochi, Kerala, in March 2013. It was developed by the EMKE Group, a prominent business conglomerate based in the United Arab Emirates and owned by M.A. Yusuff Ali.

Lulu Mall Kochi quickly gained popularity for its extensive range of retail outlets, entertainment options, and dining choices. It became a prominent shopping and leisure destination not only in Kochi but also in the entire state of Kerala.

Following the success of the Kochi mall, Lulu Malls expanded to various cities in India, including Thiruvananthapuram, Chennai, Hyderabad, and Lucknow, among others. Each Lulu Mall offers a mix of national and international brands, multiplex cinemas, food courts, and family entertainment options, making them popular destinations for shopping and recreation.

Lulu Mall’s growth reflects the booming retail and entertainment industry in India, and it continues to be a significant player in the country’s mall sector.

Lulu Group’s Entry into Telangana and Investment Commitment

UAE-Based Retailer Lulu Group’s Debut in Telangana

UAE-based retail giant, Lulu Group, marked its entry into the Indian state of Telangana with the grand opening of its first shopping mall in Hyderabad on a Wednesday.

Commitment to Investment in Telangana

Lulu Group reiterated its steadfast commitment to invest a substantial amount of Rs. 3,500 crore in the state of Telangana over the course of the next three years.

Inauguration and Mall Overview

Inauguration by Telangana’s Minister for Industry

The inauguration of this expansive mall, sprawling over an impressive 500,000 square feet, was officiated by Telangana’s Minister for Industry, KT Rama Rao.

Statement from Lulu Group Chairman

Lulu Group’s Chairman, Yusuff Ali, affirmed their commitment to invest Rs. 3,500 crore in Telangana, specifying that this investment would encompass various sectors, including destination shopping malls, mini malls, and agriculture sourcing. Furthermore, logistics and processing hubs would be established to facilitate 100% exports.

Details of Investment Projects

1.First Project: Export-Oriented Food Processing Center

Lulu Group’s first project in Telangana will focus on an export-oriented state-of-the-art food processing center, which includes meat processing. This facility will be located in Hyderabad.

2.Support for Local Fishermen Community

To support the local fishermen community, Lulu Group plans to establish a seafood procurement and processing center in the constituency of the minister, Sircilla.

Benefits to Telangana

Positive Impact on Employment and Sectors

KT Rama Rao emphasized that Lulu Group’s investment of Rs. 3,500 crore would encompass supermarkets, malls, food processing, and allied sectors, including aqua and fish processing. This investment is expected to create numerous employment opportunities for the youth of Telangana and also benefit fish and poultry farmers.

Mall Details

Features and Offerings

Situated in the Kukatpally area and with an investment of Rs. 300 crore, the mall is poised to provide an international shopping experience to the residents of Hyderabad and its adjacent regions. Key features include a mega Lulu Hypermarket featuring local and international brands, a five-screen cinema with seating for 1,400 patrons, a multi-cuisine food court, and a dedicated children’s entertainment center.

Distinct Sections

Lulu Hypermarket boasts diverse sections catering to fresh produce, groceries, fashion, home appliances, electronics, mobiles, IT, and lifestyle products. These sections are branded under ‘Lulu Fashion Store’ and ‘Lulu Connect.’

Future Investment Plans

Yusuff Ali had previously announced that Lulu Group would invest an additional Rs. 200 crore in an export-oriented, modern integrated meat processing plant in Chengicherla. This facility will have a remarkable production capacity of 60 tonnes per day and is anticipated to generate employment for more than 2,500 individuals.

Result of Collaborative Efforts

Lulu Group’s significant investment in Telangana reflects the outcome of extensive discussions and a Memorandum of Understanding (MoU) that the group had previously signed with the Government of Telangana. This milestone was achieved during KT Rama Rao’s visit to the World Economic Forum in Davos in the preceding year.

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