Lulu group to invest Rs 200 crore in food and vegetable processing unit at Greater Noida

UAE-based Lulu group has acquired 20 acre industrial land at Greater Noida at Rs 75 crore for food and vegetable processing unit. The company will invest Rs 200 crore to set up the facility.

According to the Greater Noida authority, 80,940 sq mt plot has been allotted to Fair exports India pvt ltd, which is owned by Lulu group.

The authority is already in the process of auctioning more than two dozen commercial, industrial and institutional plots and expects to generate more than Rs 1,000 crore from the exercise.


“Under the online industrial plot allotment open ended scheme, we have 21 industrial plots ranging from 2,000 sq metre to 80,940 sq mt. We have received 62 applications for these plots,” said an authority spokesperson.

The Lulu group will invest Rs 150 crore in the first phase and another Rs 50 crore in the second phase.