Current Affairs Exam

Lulu Group to invest Rs 2,400 crore in malls in Prayagraj, Varanasi

More cities inUttar Pradeshare set to get an international shopping mall.
TheLulu Groupis plannig to expand its retail business in the state within the next three years. Senior executives of the company, which operates a chain of hypermarkets, announced on Saturday that the group has plans to open a shopping mall in Prayagraj and Varanasi with total investments of Rs 2,400 crore. After that, the group has plans to expand its operations in the retail space in UP by covering Kanpur andGorakhpur.

Lulu Group has already started work on setting up a Food Processing plant in Greater Noida.

To promote products manufactured by UP-based artisans and craftsman, an area will be demarcated on the ground floor of the mall. The group will showcase the patented ODOP products prominently.

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