<p>The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up food park in Kerala.</p>.<p>The announcement was made by Lulu group Chairman Yusuffali MA during food sector exhibition, Gulfood'22 being held in Dubai World Trade Centre.</p>.<p>"As part of strengthening its own food processing centres in India, Lulu will invest Rs 400 crore for setting up a state-of-the-art food park in Kalalmassery in Kerala," Lulu said in a statement.</p>.<p>This is over and above the recent investments of Rs 1,100 crore in Noida, Srinagar and Kochi.</p>.<p>The project is expected to be operational by fourth quarter of 2023.</p>.<p>Lulu also said it has imported the first consignment of Indian eggs, which was banned for the past 15 years in the UAE.</p>.<p>Four containers of Indian eggs have reached Lulu stores after the ban was lifted recently.</p>.<p>Last month, the Lulu group invested Rs 200 crore in Jammu and Kashmir to set up a food processing and logistics hub.</p>.<p>In December, the Lulu group announced an investment of Rs 2,000 crore near Ahmedabad to set up a modern shopping mall.</p>.<p>It has also announced an investment of Rs 500 crore to set up a food processing plant in Greater Noida, Uttar Pradesh.</p>.<p>In India, the Lulu group already has four operational shopping malls at Kochi, Thrissur, Trivandrum and Bengaluru.</p>.<p>The mall at Bengaluru is not owned by the Lulu group but it is managing and operating the property.</p>.<p>The Lulu group, headquartered in Abu Dhabi, posted an annual turnover of $7.4 billion in 2020.</p>.<p>The Lulu group currently has 220 hypermarkets and shopping malls in the Middle East, Egypt, India, Malaysia and Indonesia with a global workforce of over 57,000 employees.</p>.<p>The group's business portfolio ranges from hypermarket operations to shopping mall development, manufacturing and trading of goods, food processing plants, wholesale distribution, hospitality assets, and real estate development.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up food park in Kerala.</p>.<p>The announcement was made by Lulu group Chairman Yusuffali MA during food sector exhibition, Gulfood'22 being held in Dubai World Trade Centre.</p>.<p>"As part of strengthening its own food processing centres in India, Lulu will invest Rs 400 crore for setting up a state-of-the-art food park in Kalalmassery in Kerala," Lulu said in a statement.</p>.<p>This is over and above the recent investments of Rs 1,100 crore in Noida, Srinagar and Kochi.</p>.<p>The project is expected to be operational by fourth quarter of 2023.</p>.<p>Lulu also said it has imported the first consignment of Indian eggs, which was banned for the past 15 years in the UAE.</p>.<p>Four containers of Indian eggs have reached Lulu stores after the ban was lifted recently.</p>.<p>Last month, the Lulu group invested Rs 200 crore in Jammu and Kashmir to set up a food processing and logistics hub.</p>.<p>In December, the Lulu group announced an investment of Rs 2,000 crore near Ahmedabad to set up a modern shopping mall.</p>.<p>It has also announced an investment of Rs 500 crore to set up a food processing plant in Greater Noida, Uttar Pradesh.</p>.<p>In India, the Lulu group already has four operational shopping malls at Kochi, Thrissur, Trivandrum and Bengaluru.</p>.<p>The mall at Bengaluru is not owned by the Lulu group but it is managing and operating the property.</p>.<p>The Lulu group, headquartered in Abu Dhabi, posted an annual turnover of $7.4 billion in 2020.</p>.<p>The Lulu group currently has 220 hypermarkets and shopping malls in the Middle East, Egypt, India, Malaysia and Indonesia with a global workforce of over 57,000 employees.</p>.<p>The group's business portfolio ranges from hypermarket operations to shopping mall development, manufacturing and trading of goods, food processing plants, wholesale distribution, hospitality assets, and real estate development.</p>.<p><strong>Check out latest DH videos here</strong></p>