The move is part of
the company’s strategy to strengthen its presence in the Gulf Cooperation
Council, Middle East and Egypt.
The company imports a wide range of food products from India, including
fruits, tea, spices, rice, sugar, and millets, Yusuff Ali, Chairman of Lulu Group,
told the media at the India
UAE Business Forum. “To further boost imports, Lulu Group has
signed a Memorandum of Understanding with the Agricultural and Processed Food Products
Export Development Authority to source organic products from India,”
To support imports, Lulu Group is investing Rs 500 crore in setting up a
logistics hub in Noida, which will be equipped with storage and chillers, Ali
said. The hub is expected to be operational within three months. Another
logistics hub is also planned in Kashmir, Ali said.
The move is
expected to benefit Indian farmers and food processors, who will gain access to
new markets in the GCC and ME regions
Lulu Group’s
expansion plans are also in line with the Indian government’s efforts to boost
agricultural exports. The government has set a target of achieving $60
billion in agricultural exports by 2027.