Lulu group to set up shopping malls in Tamil Nadu

The first hypermarket is expected to be launched by this year-end in Coimbatore at Laxmi Mills compound, while the first shopping mall will come up in Chennai by 2024, said a release issued by Lulu group.

Lulu group to set up shopping malls in Tamil Nadu
TN Stalin at Abu Dhabi. Credits — Twitter (@guidence_TN )

Lulu Group, the US$7 billion Abu Dhabi headquartered retail conglomerate, has decided to invest INR3,500 crores in Tamil Nadu to set up shopping malls, hypermarkets, food processing and logistics centres.

A MoU for this was signed by Pooja Kulkarni, MD and CEO of Guidance Tamil Nadu and Ashraf Ali, Executive Director of Lulu Group in the presence of Chief Minister MK Stalin at the Abu Dhabi Chamber of Commerce HO in Abu Dhabi.

Lulu Mall. Credits — Twitter (@sridharpillai)