Lulu Group set to invest Rs 2,000 crores in Gujarat to set up mall

13 December 2021, Mumbai:

The UAE-based retail giant Lulu Group on Saturday announced it will invest Rs 2,000 crore to develop a shopping mall near Ahmedabad in Gujarat as part of its plans to expand business in India.

The company has signed a Memorandum of Understanding (MoU) with the Gujarat government, it said in a statement.

"The Lulu Group will invest Rs 2,000 crore in the state of Gujarat to set up a modern shopping mall," the company said.

Business Standard  (The news article has not been edited by DFU Publications staff)

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