Lulu Group to Invest Heavily in Indian Retail Industry
5:29 PM
Non-resident Indian businessman Yusuffali M.A. Is mulling over investments in Indian Retail industry. Lulu Group, Abu Dhabi-headquartered retail conglomerate, is investing over Rs.7,000 crore in key sectors including retail. The Group is investing Rs.500 crore for establishing a food processing plant in Telangana and another Rs 900 crore on building a shopping mall in Hyderabad.
 |
| Image Source: Google |
The investment is in the backdrop of Prime Minister Narendra Modi's outreach to a number of Gulf nations coupled with initiatives to attract foreign investment have made India the most talked about FDI destination in the region.
Yusuffali, a first generation migrant to the Middle East, was ranked the 30th wealthiest Indian and the 737th richest person in the world by the Forbes magazine last year.
Click For More Retail Industry News
0 comments