MA Yusuff Ali's Lulu Group is set to build what is being billed as "India's largest shopping mall" in Ahmedabad. Expressing joy at investing in India, Ali said that he is "very happy to give employment to his fellow citizens (Indians)".
"We already got the land. I am getting full support from the central government, the Ministry of Commerce and all the ministries of the central government," he said.
"This is one of the biggest projects. It is about 3,50,000 sq ft. and 3,000 young boys and girls will get employment here," Ali added.
The mall will be built at an estimated cost of £400 mn, as per the report; and in an earlier interaction, Ali said construction is expected to begin this year (2024).
In September 2023, Ali hinted at two large shopping mall projects in India - in Chennai and Ahmedabad, the report said.
Lulu, at present, has malls in six Indian cities - Bengaluru, Coimbatore, Hyderabad, Kochi, Lucknow, and Thiruvananthapuram. The one in Hyderabad was inaugurated last year.
