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Hyderabad UAE-based Lulu Group has invested over Rs 20,000 crore in India, and the conglomerate will be investing Rs 10,000 crore on various ongoing projects across the country over the next three years, Lulu Group Chairman Yusuff Ali MA said here on Monday. He also said that his aim is to provide employment to 50,000 people in India and so far his various enterprises have given over 22,000 jobs.
“We have got an investment of more than Rs 20,000 crore in different areas including shopping malls, hotels, and food processing units across India. We will increase this,” Yusuff Ali said. “We have started the construction of a shopping mall in Ahmedabad. And also another mall is coming up in Chennai.” “A food processing plant is coming up in Noida and another one in Telangana. It is Rs 10,000 crore investments in the next three years,” he said, when asked about the overall investments on the upcoming projects.
