LULU GROUP IMPORTS
ET Explainer: Why land monetisation is emerging as a core funding model for infrastructure
Maharashtra's substantial land transfer to the MMRDA signals a major shift in infrastructure financing. Public land is now a primary, structured funding source, not just supplementary revenue. This move leverages land value to fund development, reducing reliance on debt and aligning with urban growth. The approach aims to unlock asset value for upfront capital generation.
UAE retailers tap alternative ways to fill food aisle
Dubai retailers are finding new ways to bring goods to the UAE. A truck is traveling from London to Dubai carrying snacks. This land route bypasses shipping disruptions. Other retailers are flying in food from India. These efforts ensure supermarket shelves remain stocked for consumers. The UAE is actively monitoring food prices.
A longer Gulf conflict could squeeze remittances to India
The ongoing Iran conflict threatens India's significant remittance inflows from Gulf nations. This could impact economies like Kerala and Maharashtra, which rely heavily on these funds. While business activity remains stable for now, prolonged conflict may lead to job losses for laborers and reduced earnings for professionals.
Dubai keeps shelves stocked even as war disrupts food shipments
The Middle East war is straining food supply chains in the UAE, which imports about 90% of its food, as disruptions in the Strait of Hormuz delay shipments of items such as rice, meat and coffee. Some cargo is being rerouted by air or road, while retailers like Lulu have started chartering cargo flights to keep supermarket shelves stocked.
UAE bolsters food security, stocks shelves
The UAE is bolstering food security by reinforcing supply chains amidst potential regional trade disruptions. Retailers are submitting daily stock reports and securing alternative logistics, with the government absorbing increased freight costs. Chartered cargo planes are being utilized to ensure uninterrupted supplies of essential commodities.
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9 million Indians live in the Persian Gulf. The money they send home is a lifeline
Escalating tensions in the Persian Gulf threaten millions of Indians working in the UAE and other Gulf nations. These expatriates are vital to India's economy, sending home billions in remittances that bolster the rupee and fund development. The disruption of shipping routes and potential economic fallout could severely impact both the region and India's financial stability.
From corporate iftars to deep discounts, Ramadan reshapes Dubai business
Dubai transforms during Ramadan. Workdays shorten, and the city's rhythm shifts. Evenings come alive with corporate iftars and suhoor gatherings. Hotels offer special menus and tents. Retailers provide significant discounts on essentials. Banking and auto sectors also present attractive deals. The focus moves from profit to seasonal giving.
Indo-UK FTA, upcoming Indo-EU pact to open new global markets for Assam tea: CM Himanta Biswa Sarma
Assam's Chief Minister Himanta Biswa Sarma has taken center stage at the prestigious World Economic Forum in Davos. His mission? To attract investments in transformative sectors like green energy, hydropower, and cutting-edge semiconductors.
Retail giant Lulu plans to partner with local e-commerce players in Q1 2026, says CMD Ali
Lulu Group International is significantly boosting its sourcing from India. The retail giant aims to raise India's share in its imports to 35% within two years. This strategic move targets improved supply chain certainty and better management of price fluctuations.
Global retail company Lulu Group explores strategic sourcing from Meghalaya
A delegation from Lulu Group International visited Meghalaya to strengthen international market linkages for the state's agricultural products, following a MoU signed in November 2023. The Chief Minister assured full government support to leverage Meghalaya’s unique produce, especially GI-tagged and organic varieties, for global markets.
Lulu Group aims to up agri sourcing from India to Rs 15,000 crore in two years, says CMD
Lulu Group from the UAE plans to raise its Indian agricultural procurements to Rs 15,000 crore over the next two years. With a special focus on organic goods, the company aims for Rs 2,000 crore annually. Investments include a logistics hub in Noida and an almost complete food plant in Kashmir.
Bullish on retail sector, Lulu Group plans to develop more shopping malls in India
In the first phase of shopping mall business in India, Philips said the Lulu group invested about Rs 7,000 crore to develop five shopping malls, of which Bengaluru property is not owned by it. Last month, the group launched a large shopping mall, comprising 2.2 million square feet of built-up area and one million square feet of leasable area, in Lucknow, Uttar Pradesh.
India-UAE CEPA to boost remittance corridor; help create interoperable digital solutions: LuLu Financial
The Abu Dhabi-headquartered LuLu Financial Holdings, which is into cross-border payments among other areas, has substantial investments in the UAE and India. It has presence in 11 countries and manages transactions worth over USD 8 billion annually.
LuLu Group to set up Rs 200 cr food processing & logistics hub in J&K
Middle East retailer LuLu Group plans to invest Rs 200 cr in setting up a food processing plant in Jammu & Kashmir. The announcement was made by Yusuff Ali MA, Chairman of Lulu Group, in the presence of Manoj Sinha, Lt. Governor of the Union Territory of Jammu and Kashmir in Dubai.
UAE's Lulu group to set up food processing centre in Jammu and Kashmir
The announcement was made by Lulu group chairman Yusuffali MA on Thursday during a meeting with a delegation from Jammu and Kashmir headed by its Principal Secretary (Agriculture Production and Horticulture) Navin Kumar Choudhary on the sidelines of the UAE India Food Security Summit 2020.
Abu Dhabi's ADQ to invest $1 billion to help retailer Lulu expand in Egypt
ADQ and Lulu will work to develop up to 30 hypermarkets and 100 express mini-market stores, as well as logistics hubs, distribution and fulfilment centres to strengthen the retailer's e-commerce business across Egypt, ADQ said in a statement.
Pre-export certification, branding, SEZ revamp for food sector key to boost agri exports: TPCI
“If this is ensured, the quality of our product will also fetch premium value for food and beverages exports. The mandatory 100 % pre-export certification will create the brand as a reliable and good quality exporter,” said TPCI Chairman Mohit Singla.
NRI entrepreneur converts old Scotland Yard HQ into luxury UK hotel
The hotel, where room tariffs start at 430 pound a night had its official launch this week with a formal ribbon cutting by UK secretary of state for digital, culture, media and sport Nicky Morgan and the Indian high commissioner to the UK, Ruchi Ghanashyam, among others.
Lulu Group to strike deal as Sachin Tendulkar exits Kerala Blasters
Tendulkar is selling his stake of more than 20% to Andhra Pradesh-based industrialist Nimmagadda Prasad, who in turn will sell the shares to the Lulu Group, said the people in know.
How Adeeb Ahamed of the LuLu Group is foraying further with food, toys and fashion
The 37-year-old, who is on the board of the $7.4 bn Lulu Group International that has over 130 hypermarkets in 21 nations, is nudging the group into new directions.
Mars Chocolate may increase local sourcing
"We are sourcing peanut, one of the main ingredients for the chocolate from India. We have an arrangement with the cultivators in Rajkot," said Andrew Leakey.
Lulu group keen on investing in Andhra Pradesh
Dubai-based Lulu group has evinced interest to invest in hotels, mega convention centers and high power markets in Andhra Pradesh.
Catholic Syrian Bank seeks RBI nod for divesting further stake
Siam Vidhya Group, promoted by Bangkok-based Non-Resident Indians, had acquired 36.18 per cent equity shares of the city-based bank in 1994.
Kerala's non-resident tycoons investing in massive projects back home
In the 80s & 90s, thousands of small ventures promoted by NRKs sprouted only to close down sooner or later but things have undergone a sea change.
Lulu Mall in Kochi: How Kerala became shoppers' paradise
The state’s per capita consumption expenditure is one of the highest in the country thanks to remittances — largely from West Asia.
The Lulu Mall was inaugurated in Kochi on Sunday
After emerging as one of the leading retail brands in the Middle East, the Lulu Mall is making a foray into the Indian markets.
Lulu Group opens forex centre, to open 50 outlets by 2013
The Dubai-based NRI-promoted Lulu Group today launched its forex business arm, Lulu Forex Exchange here.
India's rice export ban lead to food crisis in UAE
UAE and other Gulf countries are facing a surge in the prices of rice due to a supply shortage owing to India's ban on export of non-basmati rice varieties in March.
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