Buoyed by relaxation of FDI norms, NRI tycoon Yusuffali M A, who heads the Dubai-based retail conglomerate Lulu Group, has announced investment of over Rs 7,000 crore in India for setting up shopping malls and hotels.
According to a PTI...
The UAE-based Lulu Group International, which runs more than 70 shopping malls in the UAE and Gulf, is setting up its ‘biggest’ mixed-use development, including a 300-room hotel, at an estimated investment of Rs 12 billion in the port...