Abhijit Ray, Kolkata:-Lulu Group, a United Arab Emirates (UAE) company, is going to invest heavily in India. They are going to open shopping malls in different parts of the country. The company is going to invest Rs 10,000 crore in the country in the next few years. The Arab company expects at least 50,000 jobs as a result. From setting up a destination mall in Hyderabad, the company has announced several plans.Lulu Group Chairperson MA Yusuf Ali announced the huge investment in Hyderabad on Monday. “We have already invested Rs 20,000 crore in different parts of India. At least 22,000 Indians are employed in multiple sectors such as shopping malls and hotels. We want to increase this number in the coming days. Lulu Group has already opened shopping malls in five cities across the country. Now the Arab company is going to start its journey in a new city.According to the new plan, Lulu Group has decided to invest Rs 3,500 crore in Telangana alone. The new Lulu Mall will be inaugurated in Hyderabad in August. The Lulu Group has renovated the mall, which covers an area of 500,000 square feet, after a change of ownership. The Arabic company has also decided to build a destination mall in this city.Lulu Group is also very interested in building shopping malls as well as creating agricultural hubs. For now, there are plans to set up hubs to export local goods to Telangana. Fishermen will also benefit from the creation of this hub. Yusuf Ali is excited to invest Rs 10,000 crore in the next five years. “In the coming days, we want to build multiple infrastructure in Ahmedabad, Chennai and Noida. For this, 50,000 people will get job opportunities. ”
