UAE's Lulu Group Announces Major Investment Plans in Andhra Pradesh.

UAE-based Lulu Group International is set to invest in Andhra Pradesh with plans to establish modern food processing and logistics centers, along with hypermarkets and a shopping mall, according to Chairman and Managing Director Yusuffali MA. The announcement followed a meeting with Andhra Pradesh Chief Minister N Chandrababu Naidu, during which the two discussed investment opportunities across the state.

Yusuffali shared on social media platform X that the discussions were "very fruitful" and confirmed that the group will develop an international-standard shopping mall with an 8-screen IMAX multiplex in Vizag. Additionally, hypermarkets will be set up in Vijayawada and Tirupati, along with state-of-the-art food processing and logistics centers.

The Lulu Group, which operates in 25 countries with an annual turnover of $8 billion, is also expanding its footprint in Andhra Pradesh’s food processing sector. Naidu expressed his support for the initiative, assuring full cooperation from the state government and emphasizing the potential for a long-term partnership to support the region’s development.

The investment is part of Lulu Group’s broader expansion plans, which include ventures across various sectors, such as hypermarkets, shopping mall development, manufacturing, hospitality, and real estate.

HBL