GREATER NOIDA: The UAE-based LuLu Group International is all set to expand its footprint in India by setting up a food and vegetable processing unit in Greater Noida, a key investment of an estimated Rs 200cr that the company hopes will create at least 2,000 job opportunities in the region.
The NRI-owned hypermarket chain’s subsidiary Fair Exports, according to Greater Noida Authority officials, has been allotted some 20 acres of industrial land in Sector Ecotech 10 for the unit where fruits, vegetables and meat products will be collected, processed and packed before being distributed. “The group has agreed to make a one-time payment of Rs 75cr for the plot. The group has assured us of bringing in investments amounting to Rs 200cr through its operations. The unit will also provide employment opportunities to 2,000 individuals once it gets functional,” Authority CEO Narendra Bhooshan said.
Fair Exports officials said the unit would act as a key facility in northern India. The unit will be focused on exporting items out of the country. A lot of export-oriented future growth corridors are coming up in Greater Noida and the unit will be an important centre for our northern India operations,” its CEO Najimudeen E said.
Several flagship logistics, transport and freight based projects that have potential of turning Greater Noida region as the hub of export and import are coming up in the Dadri-Boraki belt. In fact, the area where the processing house will come up is located adjacent to Rithori, the site where an integrated industrial township spread over 303 hectares of land is being developed.
Company officials said that Fair Exports is the second largest exporter of vegetables and fruits in the country. Besides, Fair Exports will also establish a huge cold storage in order to maintain cold chain required to transport perishable food and meat products.
In December, the Authority floated 21 industrial plots in different blocks of the Ecotech sector. The Authority is going through the applications of 54 applicants. The Lulu Group took the largest plot and was the first one to be awarded the land on Monday.