Lulu Group to take a position Rs 3,000 crore to setup shopping center in Ahmedabad

That is the Group’s third mall within the nation after Kochi (Kerala) and Lucknow (Uttar Pradesh).

New Delhi: Lulu Group Worldwide has introduced that the corporate is foraying into the Gujarat market by investing Rs 3,000 crore to arrange a buying centre in Ahmedabad, in accordance with PTI.

The UAE-based group additionally stated that the development of the buying centre will begin early subsequent yr.

This funding information got here after the Lulu Group Worldwide signed an MoU with the Authorities of Gujarat.

In July, the worldwide retail conglomerate introduced its enlargement in three Indian cities particularly Chennai, Hyderabad, and Ahmedabad.

This is able to be Lulu Group’s third shopping center within the nation after Kochi, (Kerala) and Lucknow (Uttar Pradesh), and can present direct employment to six,000 individuals and oblique employment to over 12,000 individuals.

Headquartered in Abu Dhabi, Lulu Group operates in 23 nations situated throughout the Center East, Asia, the US, and Europe.