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Lulu group to invest Rs 7,000 crore in India

businesspaper Updated: Jul 04, 2016, 08:10 IST
PTI
PTI

NEW DELHI: Buoyed by relaxation of FDI norms, NRI tycoon Yusuffali MA, who heads the Dubai-based retail conglomerate Lulu Group, has announced investment of over ₹7,000 crore in India for setting up shopping malls and hotels. Yusuffali said his group will invest ₹4,650 crore in Kerala, ₹1,000 crore in Uttar Pradesh and ₹1,410 crore in Telangana in the hospitality and retail sector.

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