Lulu Group, a Abu Dhabi based retail chain, plans to invest Rs 2,500 crore in Telangana in the next one year.
The Group plans to invest in three projects in Telangana - a fruit and vegetable processing unit, an integrated meat processing unit and a modern shopping mall in Hyderabad.
A team from the Group will visit Hyderabad in the first half of next month with detailed project reports and seek the government's assistance in identifying suitable land for the projects along with help in obtaining various approvals.
The possibility of developing a Smart City in Hyderabad, as part of a 'Information Technology Investment Region’ (ITIR) is also being proposed.
Lulu Group has over 100 hypermarkets in the Middle East.
More Project Info:
Fruit & Vegetable Processing (Hyderabad) Project
Shopping Mall (Hyderabad) Project