Kochi, Feb. 22 -- Multinational conglomerate Lulu Group and the shipping and logistics major Sharaf Group, both based in the UAE, have announced their plans to invest in the state at the
Invest Kerala Global Summit (IKGS 2025) here on Saturday.
Abu Dhabi-headquartered Lulu will invest Rs 5,000 crore in food processing, retail, IT infrastructure and fintech, further expanding its footprint in the southern state.
Similarly, Dubai-based Sharaf Group is foraying into the state with the same amount of investment. It will spend Rs 5,000 crore to develop its hubs in two Kerala destinations.
Sharaf Group Vice-Chairman Major General (Rtd) Sharafuddin Sharaf, also the chairman of the UAE-India Business Council, said he had submitted a letter of i...