The UAE-based Lulu group will be investing Rs 10,000 crore in various ongoing projects in India over the next three years. The conglomerate has so far invested over Rs 20,000 crore in the country, Lulu chairman Yusuff Ali MA said here on Monday.

He also said he aims to employ 50,000 people in India and added that so far, his various enterprises have employed over 22,000 people.

Yusuff Ali, in the presence of Telangana minister for industries K.T. Rama Rao, also said the Lulu group has committed about Rs 3,500 crore in investments in Telangana in the next five years on various projects,including "destination" shopping malls in Hyderabad and also in other cities in the state.

Destination shops, stores or malls are ones that customers visit for their special pricing, unusual items or a friendly atmosphere such as Ikea or Decathlon.

“We have investments of more than Rs 20,000 crore in different areas, including shopping malls, hotels, and food processing units (in India). We will increase this,” he said.

“We have started the construction of a shopping mall in Ahmedabad. Another one is coming up in Chennai.

“A food processing plant is coming up in Noida, and another one is in Telangana. It is Rs 10,000 crore investments in the next three years,” Yusuff Ali said.

He said a five lakh sq ft Lulu Mall, built with an investment of Rs 300 crore here, will be inaugurated in August. PTI