Lulu Group’s hypermarket in Coimbatore.The Lulu Group International (LGI) has committed an investment of ₹5,000 crore with a potential for generating around 15,000 jobs in the next four to five years.
| Photo Credit: Siva Saravanan S
The Lulu Group International (LGI) has committed an investment of ₹5,000 crore with a potential for generating around 15,000 jobs in the next four to five years.
The announcement was made by LGI Executive Director M.A. Ashraf Ali on the sidelines of the Invest Kerala Global Summit here on Saturday (February 22, 2025). The company made the announcement following consultations held with the Industries Minister P. Rajeeve.
Mr. Ali said that the investments will go into a food processing zone in Kalamassery and IT and fintech infrastructure in the Global City project proposed by the State Government. He said that the exact breakdowns of the investment for the various sectors was still being worked out.
He also said that the Group’s twin IT towers at Infopark Kochi which will employ around 25,000 professionals would be commissioned within three months. The project, however, was not part of the latest investment parcel of ₹5,000 crore. Investments in the retail sector, including mini shopping malls across the State, are also already underway.
Mr. Ali said that the proposed Food Processing Zone will come up on 20 acres with extensive cold storage facilities. Vegetables and fruits will be collected from across the State and even parts of Tamil Nadu and moved to the Kochi airport. Value added products will also be part of the project with 100% export orientation.
Published – February 22, 2025 02:41 pm IST
