Gandhinagar: Abu Dhabi based Lulu Group, which owns a chain of retail stores, supermarkets & hypermarkets and also the largest Indian shopping mall in Kochi city of Kerala today said that it was planning to invest Rs 10 to 12 thousand crores in India and looking at opportunities to start a shopping mall and hotel in Ahmedabad, the commercial capital of Gujarat.

During the Global CEO conclave held here this evening in presence of Prime Minister Narendra Modi, Union Finance Minister Arun Jaitley and Gujarat Chief Minister Vijay Rupani, Yusuffali M. A., MD of Lulu Group said that his group was planning to invest 10,000 to 12,000 crores in India.
”Our Lulu Shopping Mall in Kochi, Kerala is India’s biggest Shopping mall. In Ahmedabad, we are looking at opportunities to start a Shopping Mall, Hotel and a mini Convention and Exhibition Centre which will attract more tourists to the State of Gujarat,’ he said.

Over 50 CEOs were present at the round table conclave on the theme ‘transforming India’ which included Boeing International President Bertrand Marc Allen, President of Emerson Electric Company Edward L Monser,TChairman and CEO of Electricite de France S.A. Mr. Jean-Bernard Levy, Suzuki Motor Corporation President Mr. Toshihiro Suzuki, and Executive Chairman of CISCO Mr.John Chambers among others. CEOs from India included Mr. Mukesh Ambani, Smt. Arundhati Bhattacharya, Mr. Anil Ambani, Mr. Anand Mahindra, Mr. Gautam Adani, Mr. Dilip Shanghvi, Mr.Adi Godrej among others.

In the conclave Amit Midha, President of DELL EMC said, “India’s growth story over the last few years has been incredible! Several indicators including a healthy GDP growth rate, ease of doing business, manufacturing environment, FDI growth, financial inclusion and a flourishing start-up ecosystem are witnessing encouraging developments, backed by a progressive government. However for India’s true potential to be realized, these transformational trends need to be
evenly spread across India’s diverse demographic and geographic landscape. Our government’s Digital India initiative, complemented with collaborative private participation, will catalyze India’s transition into a digitally empowered society and a knowledge economy. A digitized India will impact industries, enterprises and individuals, making way for futuristic technologies that will lead to never-before- seen transformation at professional and personal levels. There’s no better time than now to do business in India.”

Chairman of Maxxis Group, Tsai Jen Lo said, “Gujarat presents a favorable ecosystem for businesses to flourish. It is growing with its mission ‘Transform India’. It is rightfully known as ‘India’s Economic Expressway’ and we are extremely satisfied with our investments in the state”

DeshGujarat