News > UAE-based Lulu group to invest Rs 400 cr to set up food park in Kerala
UAE-based Lulu group to invest Rs 400 cr to set up food park in Kerala
Business Standard | 17/02/2022 09:36 AM | Click to read full article
The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up a food park in Kerala.
This is over and above the recent investments of Rs 1,100 crore in Noida, Srinagar and Kochi. The project is expected to be operational by the fourth quarter of 2023. Lulu also said it has imported the first consignment of Indian eggs, which was banned for the past 15 years in the UAE.