Deal sealed: coimbatore to get TN’s first LuLu hypermarket within 2022 end.
A Mou was the first shopping mall in coimbatore in lakshmi mills compound in this august 2022 and in chennai in 2024.
 CM MK stalin met Mohammed Al Suwaidi, CEO of ADQ company, in Abu Dhabi has invited them to invest in health and food-processing sectors all over tamil Nadu.
After the signed UAE’s LuLu groups had announced its total investment of Rs 3,500 crore in tamil Nadu, a Memorandum of Understanding (MoU) was signed in Abu Dhabi on monday in the presence of chief minister MK stalin, this was the last document that was signed by Stalin.The LuLu Group, malls under them which have a shopping malls in the areas like Kochi, Thiruvananthapuram, and Bengaluru, is set to invest
Rs 2,500 crore in purchasing complexes and Rs 1,000 crore in an eatables-processing unit, a State authorities launch stated.
The funding is predicted to create jobs for around 5,000 people. The MoU stated its first shopping center in TN is to return back up in chennai in 2024 whilst the primary hypermarket — in Coimbatore’s lakshmi Mills compound — is predicted to open via way of means this August. “The State of tamil Nadu, led via way of means of dynamic cm MK stalin, presents splendid infrastructure and aid to the buyers and we're very satisfied to discover larger funding possibilities now no longer simplest in chennai however additionally in towns which include coimbatore, Salem, Madurai, Tiruchy,” an announcement from LuLu Group quoted its chairman MA Yusuff ali as saying.
 Stalin additionally met the top of the infrastructure at Mubadala Infrastructure, Saed Arar, and mentioned the opportunities for infrastructure investments via way of means of forming an operating committee between Mubadala and the TN Infrastructure Fund Management Corporation. Meeting Abdulla Mohammed Al Mazroeui, chair of the Abu Dhabi Chamber of Commerce and Industry, stalin mentioned investments in meals processing and the scope of meals exports. He invited Abu Dhabi Developmental Holding Company CEO Mohammed Al Suwaidi to spend money on medical and eatable-processing areas.
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D N INDUJAA

29/03/2022 11:09 PM