This was announced during a meeting between Bhupendra Patel, Chief Minister of Gujarat and Yusuff Ali MA in Dubai. An MOU in this regard was signed by Rajiv Kumar Gupta, additional chief secretary signed on behalf of Gujarat Government and Yusuff Ali CMD of Lulu Group.
According to the MOU, Lulu will set up a shopping mall between Ahmedabad and Gandhinagar which will create employment to more than 5,000 people. The construction is expected to start by the first quarter of 2022 and be completed in 30 months.
Government of Gujarat will facilitate Lulu Group with all necessary assistance and clearances and also depute a senior IAS official to follow up the procedures.
Apart from this, Lulu Group will also set up food processing and logistics centers in Baroda and Surat for exports.
"The government will make every effort to ensure that land and any other assistance is provided to the group so that they can begin work," said the Chief Minister.
“Gujarat holds a very special place in my heart, this is where I first learnt the basics of business as my father had family business in Ahmedabad. So I feel very excited to invest in Gujarat and hope we can expand further in this Vibrant state,” said Ali.
The group has also recently opened Lulu Hypermarket in Bangalore, spread across 2 lakh sq ft, while Funtura is set up across 60,000 sq ft - the largest indoor entertainment zone in India.
Lulu currently operates more than 220 hypermarkets and shopping malls in the Middle East, Egypt, Indonesia, Malaysia and India. Globally, Lulu Group employs more than 57, 000 people. Lulu hypermarkets and department stores have a 32 per cent share of the retail market in Gulf Cooperation Council countries.
The group also has invested in India's retail market with malls in Kerala and Uttar Pradesh. Group’s latest mall is slated to be opened by next week at Kerala’s capital Thiruvananthapuram while Lucknow Lulu Mall is expected to be open for shopping by march 2022.