Lulu Group To Invest Rs 3,000 Crore In Noida Operation

The UAE-based Lulu Group has confirmed to set up a food processing plant and a shopping mall in Nodia with the expenditure of Rs 3,000 crore.

Yusuff Ali MA, chairman of Lulu Group International, said that an MoU had been signed for both projects with the UP government during the two-day long Investors’ Summit held in Lucknow on February 21 and 22.

Ali in a statement said, “This will be mall worth seeing and will be very special. However, we are not yet declaring what its USP will be. I have already constructed India’s largest mall in Kochi and am in the process of constructing North India’s largest mall in Lucknow. This time, our focus was Noida. The details of these projects will be announced soon.”

The work has already been started by the Lulu group for North India’s largest mall in Lucknow and has already completed 25% of the work.  Ali said that his group had invested Rs 2,000 crore in this project, unveiling the ongoing work during the summit as well. “The mall, being built over 2.2 million sq feet, will have 16 cinema screens, 300 shops and space for 2,000 diners.

He added, the project is has a lot of potential to generate employment for around 5000 people. The project is coming up along the Shaheed Path.