{"id":12825,"date":"2024-06-14T15:29:18","date_gmt":"2024-06-14T15:29:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=12825"},"modified":"2024-06-14T15:29:18","modified_gmt":"2024-06-14T15:29:18","slug":"lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/","title":{"rendered":"Lulu Group to invest over Rs 3,500 crore in Telangana over next 5 years"},"content":{"rendered":"

UAE-based retail giantLulu Groupis all set to drive into with an Investment<\/a> of over Rs 3,500 crore in setting up malls and Food Processing<\/a> facilities over the next five years, chairmanYusuff Ali MAsaid.<\/p>\n

The investments include Rs 2,500 crore in setting up a destination mall on the outskirts of Hyderabad that will generate around 12,000 jobs. The group also inked MoUs with theTelangana governmentfor these investments.
But first off the block will be its Rs 300 crore investment in rolling out the firstLulu mallandLulu Hypermarketin Hyderabad’s Kukatpally area where the group has taken over the 5 lakh square feet Manjeera mall.
The 2 lakh square feet Lulu Hypermarket will not just offer fresh produce and grocery but will also have fashion, Home<\/a> appliances, electronics, mobiles, IT, and lifestyle products under the brand names Lulu Fashion Store and Lulu Connect.<\/p>\n

The project, which is expected to generate EMPLOYMENT<\/a> for over 2,500 people, is expected to commence commercial operations in the next 18 months.
The UAE-based group is also planning mini malls on the outskirts of Hyderabad and other major cities and towns in the state with an investment outlay of Rs 1,000 crore.<\/p>\n

The Abu Dhabi-based $8 billion turnover Lulu Group operates over 250 hypermarkets and 24 shopping malls across 22 countries with a global headcount of over 65,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE-based retail giantLulu Groupis all set to drive into with an Investment of over Rs 3,500 crore in setting up malls and Food Processing facilities over the next five years, chairmanYusuff Ali MAsaid. The investments include Rs 2,500 crore in setting up a destination mall on the outskirts of Hyderabad that will generate around 12,000 … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1097],"tags":[986],"class_list":["post-12825","post","type-post","status-publish","format-standard","hentry","category-telangana","tag-25-26-06-23"],"yoast_head":"\nLulu Group to invest over Rs 3,500 crore in Telangana over next 5 years - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lulu Group to invest over Rs 3,500 crore in Telangana over next 5 years\" \/>\n<meta property=\"og:description\" content=\"UAE-based retail giantLulu Groupis all set to drive into with an Investment of over Rs 3,500 crore in setting up malls and Food Processing facilities over the next five years, chairmanYusuff Ali MAsaid. The investments include Rs 2,500 crore in setting up a destination mall on the outskirts of Hyderabad that will generate around 12,000 ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Current Affairs Exam\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T15:29:18+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Lulu Group to invest over Rs 3,500 crore in Telangana over next 5 years - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/","og_locale":"en_US","og_type":"article","og_title":"Lulu Group to invest over Rs 3,500 crore in Telangana over next 5 years","og_description":"UAE-based retail giantLulu Groupis all set to drive into with an Investment of over Rs 3,500 crore in setting up malls and Food Processing facilities over the next five years, chairmanYusuff Ali MAsaid. The investments include Rs 2,500 crore in setting up a destination mall on the outskirts of Hyderabad that will generate around 12,000 ... Read more","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T15:29:18+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/","name":"Lulu Group to invest over Rs 3,500 crore in Telangana over next 5 years - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"datePublished":"2024-06-14T15:29:18+00:00","dateModified":"2024-06-14T15:29:18+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/lulu-group-to-invest-over-rs-3500-crore-in-telangana-over-next-5-years\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"Lulu Group to invest over Rs 3,500 crore in Telangana over next 5 years"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website","url":"https:\/\/exam.pscnotes.com\/current-affairs\/","name":"Current Affairs Exam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/current-affairs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/current-affairs\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=12825"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/12825\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=12825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=12825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=12825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}