Lulu Group International is going to invest Rs 3,000 crore to set up India’s biggest shopping mall at Ahmedabad, Gujarat, and the construction of the Rs 3,000-crore shopping mall, which would have all modern facilities, will start early next year.
This would be Lulu Group’s third shopping mall in the country after Kochi (Kerala) and Lucknow (Uttar Pradesh), and would provide direct employment to 6,000 people and indirect employment to over 12,000 in the state, he added.
Lulu Group Director of Marketing and Communications, V. Nandakumar, said that discussions to acquire the land to construct this project are in the final stages and the foundation stone of this mega shopping mall will be laid early next year.
The Ahmedabad-based shopping mall will have over 300 national and international brands; a 3,000-person capacity food court with multi-cuisine restaurants, 15-screen multiplex cinema with Imax; India’s biggest children’s amusement centre; and many other attractions.
This Rs 3,000 crore investment by Lulu Group International comes in the wake of an MoU signed by Lulu Group and the Government of Gujarat during the recently held UAE roadshow by Chief Minister Bhupendra Patel in Dubai.
While Lulu Group International Chairman & Managing Director Yusuff Ali M. A said, “Gujarat has developed a lot under the dynamic leadership of Narendra Modiji, the then Chief Minister of Gujarat and our current Prime Minister, and also under the wise leadership of Bhupendra Patel, the current Chief Minister of Gujarat Bhupendra Patel.
Known for its sprawling business interests worldwide, Lulu Group is now expanding in India, after having had a prominent presence in the southern parts of the country for the past many years. From supermarkets to food processing to real estate to financial services, the Abu Dhabi-based group runs its popular supermarkets in the cities of Kochi, Bengaluru, and Thiruvananthapuram.
Earlier, in July this year, it had opened its expansive supermarket in Lucknow to the public. Headquartered in Abu Dhabi, Lulu Group mainly operates in 23 countries located across the Middle East, Asia, the US, and Europe. It has an annual turnover of USD 8 billion and a staff force of more than 60,000.