Abu Dhabi-based retail giant Lulu Group International is planning to set up a logistics and food-processing centre in Punjab’s Amritsar.
Lulu Group has tied up with the Punjab government for the project and would begin construction work soon, Lulu Group director Salim MA told Moneycontrol. The centre would come up on a 20-acre land parcel in Amritsar and have a capacity of 2 lakh metric ton.
“The city will now be a part of our sourcing of local products which will greatly help SMEs, local farmers, agricultural cooperatives and farmers’ producer organisation, Salim MA said on May 22.
Lulu Group is known for its chain of shopping malls, hypermarkets and food processing centres spread across the Middle East, Far East and Africa.
Also Read: Lulu Group to invest Rs 10,000 crore in India over 3 years to complete ongoing projects
In India, the group has logistics and procurement centres in 15 states from where it annually exports Rs 10,000 crore worth of over 45,000 MT of agriculture and other products. These products are supplied to all the 270 retail stores of the group across the world.
Salim MA said Amritsar is known for its vibrant business environment and especially for its thriving Small and Medium Enterprises (SMEs).
“Our Group also intends to have a logistics and food processing centre in Amritsar for the storage, processing, grading and packing of various local agriculture and other produce,” he said.
In addition to supporting the local agricultural community and SMEs, the centre would also create significant job opportunities in the state.
A team of Lulu Group would soon visit Amritsar to hold talks with SMEs and other suppliers to finalise collaboration at the earliest, the director said.
During the UP Global Investors Summit 2023, the Lulu Group had said it was exploring opportunities to invest Rs 2,500 crore to open a mall and a hotel in Noida. It signed an memorandum of understanding with the Uttar Pradesh government to set up six shopping malls and one hotel in the state.
These malls and hypermarkets are to come up in Noida, Varanasi, Gorakhpur, Ayodhya, Kanpur, and Prayagraj.
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