The food park is slated to be the largest in UP and will be set up in Greater Noida’s Sector Ecotech-10, on an area of 20 acres.
The food park is slated to be the largest in UP and will be set up in Greater Noida. (Representational image/iStock)
UAE-based Lulu Group made an announcement to invest Rs 500 crore in setting up a food processing plant in Greater Noida, Uttar Pradesh, on Wednesday.
The food park is slated to be the largest in UP and will be set up in Greater Noida’s Sector Ecotech-10 on an area of 20 acres.
The company will set up a 100 per cent export-oriented food and agri-produce processing park in Greater Noida, as reported by PTI.
On Wednesday, the land allotment order for 20 acres of land was handed over to Lulu Group chairman Yusuffali MA by Narendra Bhoosan, CEO, Greater Noida Industrial Development Authority, at a formal function held at UP Chief Minister Yogi Adityanath’s office in Lucknow.
Lulu Food Park:
The expected investment in the project is Rs 500 crore and the park is likely to be ready within a year from now.
Lulu Group will procure and export an estimated 20,000 tons (annually) of local fruits and vegetables from the state for the company’s hypermarkets around the world.
It is expected to generate direct employment for 700 people and indirect employment for approximately 1,500 people.
About the Lulu Group:
Headquartered in Abu Dhabi, Lulu Group operates 220 hypermarkets and shopping malls in the Middle East, Egypt, India, Malaysia and Indonesia.
The company has a global workforce of over 57,000 employees.
The group’s business portfolio ranges from hypermarket operations to shopping mall development, manufacturing and trading of goods, food processing plants, wholesale distribution, hospitality assets, and real estate development.
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