Lulu Group, which has opened a hypermarket at the Lakshmi Mills premises in the city, is investing ₹3,000 crore in Tamil Nadu.
Spread over nearly 1.1 lakh sq.ft, the hypermarket here has several sections, including one for fresh food, a live kitchen, and sections for home appliances, electronics, beauty products, etc. “The fresh fruits, vegetables, and dairy products are sourced directly from the farmlands of Tamil Nadu,” said a press release from the group.
Lulu Group Chairman M.A. Yusuff Ali told the media here on Wednesday, after the inauguration of the hypermarket, that the hypermarket was the first project of the group in Tamil Nadu. It has signed an MoU with the State government to invest ₹3,000 crore and will develop a Lulu mall in Chennai. It plans to set up food processing plants at Mettupalayam and Oddanchathram to cater to exports and supply to its outlets. It is also exploring the possibility to set up a rice mill in Thanjavur. The group will generate direct and indirect job opportunities to nearly 6,000 people in Tamil Nadu.
The group has 250 hypermarkets globally and there is a huge potential to export lot of products from the State, he said.
The press release added that an international logistics hub for the export of food products, is also planned in Tamil Nadu.
