Lulu Group To Invest Rs. 500 Crore In Telangana

The Lulu Group International is looking at making more headway in south India, and announced an investment in Telangana.

The group will start its operations in the food processing sector in Telangana with an investment of Rs. 500 crore.

The investment was announced during a meeting between Telangana Industries Minister K T Rama Rao and the company head Yusuff Ali, in Davos.

On behalf of the Telangana government, KTR handed over the necessary permission documents to Ali for the food processing unit to be set up by the company.

Ali said that the group also had plans of setting up another unit besides this one in the food processing sector, and that an official announcement in this regard would be made soon.

He said that the group would be laying the foundation stone for the units shortly.

The company's unit would export food processing products from Telangana, he said.

He added that the group would also invest in the construction of large-scale commercial complexes in Telangana.

Expressing happiness over the group's investment decision, KTR said that the Telangana government was working towards establishing demand for agricultural and allied products through food processing units. Lulu's setting up an international-level food processing unit would help this cause, he said.

Separately, KTR also announced that Meesho, the fast-growing e-Commerce company, had agreed to set up its facility in Hyderabad.

Meesho will be working with the Telangana government in onboarding retailer in Tier-II towns, and utilizing the Tier-II IT hubs across Telangana as also various platforms including the T-SAT network and the Telangana Academy for Skill and Knowledge.

KTR welcomed Meesho, and its Founder & CEO Vidit Aatrey, to Telangana.