Hyderabad: LULU Group, a Middle East retail chain, plans to invest Rs25 billion (Dh1.46 billion) in Telangana next year.
The LULU group is the largest retail chain in the Middle-East, with more than 100 hypermarkets and a turnover of over $5 billion (Dh18.4 billion), an official statement said.
The LULU group wants to invest in three projects in Telangana — a fruit and vegetable processing unit, an integrated meat processing unit, and a modern shopping mall in Hyderabad.
A team from the group will visit Hyderabad in the first half of January 2015 with detailed project reports. It will seek government help to identify suitable land for the three projects and obtain approvals.
