NEW DELHI :
Center East-based retail firm Lulu Group on Wednesday introduced the setting-up of its export-oriented meals and agriculture-produce processing park in Higher Noida, Uttar Pradesh, deliberate with an preliminary funding of ₹500 crore.
On Wednesday the land allotment order for 20 acres of land was handed over to Lulu Group chairman Yusuffali MA by Narendra Bhoosan, CEO, Higher Noida Industrial Growth Authority.
Lulu Group will procure and export an estimated 20,000 tons (yearly) of native vegatables and fruits from the state for the corporate’s hypermarkets world wide, the corporate stated in an announcement.
State chief minister Yogi Adityanath unveiled the prototype of the proposed facility which is anticipated to begin operations in eight months.
“We will probably be straight sourcing from the farmers of Uttar Pradesh, guaranteeing higher revenues for the farmers” Yusuffali stated.
The park is deliberate with an preliminary funding of ₹500 crore; it’s anticipated to generate direct employment for 700 folks and oblique employment for about 1,500 folks.
Lulu Group operates 220 hypermarkets and purchasing malls within the Center East, Egypt, India, Malaysia and Indonesia with a world workforce of over 57,000 staff.
In the meantime, the corporate’s upcoming Lulu Mall in Lucknow—that can home the biggest Lulu hypermarket—will probably be inaugurated within the first week of April 2022, the corporate stated.
The ₹2,000 crore shopping center can have 220 nationwide and worldwide manufacturers aside from an 11 display PVR Cinema.
The venture was delayed by a yr as a result of pandemic linked restrictions.
Supply: Live Mint