"Happy to give employment to my fellow citizens": LuLu group MD Yusuff Ali on investment in India
Sep 08, 2024
Kozhikode (Kerala) [India], September 8 : Exuding his happiness over investing in India, MA Yusuff Ali, Chairman & Managing Director of Lulu Group International, said on Sunday that he is very happy to give employment to his fellow citizens.
He also asserted that he is getting full support from the central government and all the ministries.
"This is our one of the biggest project that we inaugurated today. It is about 3,50,000 sq ft. 3,000 young boys and girls are working here. I am very happy to give employment to my fellow citizens," he said.
"India's biggest shopping mall is in Ahmedabad. We already got the land. I am getting full support from the central government, the Ministry of Commerce and all the ministries of the central government," he added.
Meanwhile, UAE-based retailer LuLu Group is set to construct what it termed India's biggest shopping mall, in Ahmedabad, with an estimated cost of Rs 4,000 crore.
Earlier, Yusuff Ali told ANI that the construction for the proposed shopping mall will start in 2024 itself.
In September 2023, Yusuff Ali gave a hint that his group was going to set up two large shopping malls in India - in Ahmedabad and Chennai.
"We are going to construct one of the largest shopping malls in Ahmedabad and Chennai and we are opening our shopping mall in Hyderabad end of this month. Also we are going to different states for shopping malls and food processing," he had said, speaking to ANI.
Currently, it has malls in six Indian cities -- Kochi, Thiruvananthapuram, Bengaluru, Lucknow, Coimbatore, and Hyderabad being the latest.
Lulu Group, headquartered in Abu Dhabi, UAE, has been known as a trendsetter in the retail industry in the Middle East and North Africa region. It operates over 250 hypermarkets and supermarkets and is immensely popular with discerning shoppers across the GCC, Egypt, India, Indonesia, and Malaysia.
Lulu Group employs more than 65,000-plus strong workforce from 42 different nations and has an annual turnover of USD 8 billion globally.
