Lulu Group set to invest Rs 2,000 crores in Gujarat to set up mall
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13 December 2021, Mumbai:
The UAE-based retail giant Lulu Group on Saturday announced it will invest Rs 2,000 crore to develop a shopping mall near Ahmedabad in Gujarat as part of its plans to expand business in India.
The company has signed a Memorandum of Understanding (MoU) with the Gujarat government, it said in a statement.
The Lulu Group already has three operational malls in India and will open two more malls in the country by March next year.
"The Lulu Group will invest Rs 2,000 crore in the state of Gujarat to set up a modern shopping mall," the company said.
Business Standard (The news article has not been edited by DFU Publications staff)
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