After the grand success of its shopping malls in Kochi, Trivandrum, Bengaluru and Lucknow, LuLu Group is expanding its footprint in India rapidly where plans for new shopping malls and hypermarkets in Gujarat, Uttar Pradesh, Tamil Nadu have been announced recently. LuLu Group recently signed an MOU with the Uttar Pradesh government to set up shopping malls, hypermarkets and a hotel in the state.
As per the MoU, LuLu will open six shopping malls and hypermarkets in Noida, Varanasi, Gorakhpur, Ayodhya, Kanpur, and Prayagraj with a total investment of Rs 4,500 crore. The shopping mall project in Sector 108, Noida, will also have a five-star hotel. The new investment by LuLu in Uttar Pradesh is expected to provide employment to more than 20,000 people after its completion.
LuLu’s foraying into the state of Gujarat to develop a large shopping mall at Ahmedabad comes with an investment of Rs 3,000 crore. The company is in advance stage of discussion to acquire land and construction of the shopping mall. The investment by LuLu Group in the state follows an MoU signed with the Government of Gujarat recently. During the recently concluded 17th Pravasi Bhartiya Divas at Indore, the Government of Madhya Pradesh has also officially invited LuLu Group to invest in the state in the field of food processing, retail and logistics.
