An NRI businessman settled in UAE, head of the Lulu Group MA Yusuf Ali (MA Yusuf Ali) praised Prime Minister Narendra Modi.For NRI investment Ali said that he has simplified the restrictive laws so that the investments of diaspora Indians are considered as domestic investments. 10,000 crore investments Yusuf Ali said that his company has already invested more than Rs. 20 thousand crores in various projects in India. Yusuf Ali said that his goal is to provide employment to 50,000 people in India and Lulu Group’s subsidiaries have already provided more than 22,000 jobs.
In Telangana Destination shopping mallsAli said that in addition to destination shopping malls (Rs. 3000 crores) and in other cities of the state, Lulu Group will invest Rs. 3,500 crores in the next five years. He said that they have already invested in various sectors including shopping malls, hotels and food processing units in the country, and they will increase it further. mentioned.In Ahmedabad(Ahmedabad) He said that the construction of a shopping mall has been started, and another in Chennai, a food processing plant in Noida and another in Telangana are coming up.
Born in Kerala, Ali is working in Abu Dhabi Chairman of Lulu Groupis working as the managing director. This group operates hypermarkets in various countries. More than 220 hypermarkets and shopping malls located in the Middle East, Egypt, India, Malaysia and Indonesia employ 57 thousand people.
Yusuf Ali has been ranked as the richest Indian in the Middle East in the Forbes billionaire list 2021. At the same time, he has been recognized as the most influential Indian in the Middle East due to his close relationship with the heads of all countries in the Gulf.
While excelling in business, they are helping the society a lot.
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