Lulu Group Announces ₹5,000 Crore Investment in Kerala’s IT, Retail, and Finance Sectors at Invest Kerala Summit

At the Invest Kerala Global Summit 2025, the Lulu Group announced a significant investment of ₹5,000 crore in Kerala over the next four to five years. This investment will focus on sectors such as food processing, retail, IT infrastructure, and fintech, aiming to generate approximately 15,000 new jobs in the state. The Lulu Group plans to expand its presence by establishing new malls, hypermarkets, and convention centers across various locations, including Perinthalmanna, Kasaragod, Thrissur, Tirur, and Kannur. Additionally, a food processing unit in Kalamassery is set to commence operations this year, enhancing food exports from Kochi, particularly fresh produce like vegetables and fruits. This facility will also include cold storage units, contributing to significant employment opportunities.In the IT and finance sectors, the Lulu Group is developing IT towers expected to become operational within the next three months. These initiatives are part of the ‘Global City’ project, focusing on IT and finance-related activities.
The Memorandum of Understanding (MoU) formalizing these investments was signed by Lulu Group International Executive Director M.A. Ashraf Ali in the presence of Kerala’s Industries Minister P. Rajeeve. Other notable attendees included Lulu Group India CEO and Director M.A. Nishad, Director Fahas Ashraf, India COO Rajith Radhakrishnan, and Regional Director Sadiq Kassim.This announcement aligns with Kerala’s broader investment drive, which has attracted proposals totaling ₹1.53 lakh crore across various sectors during the summit. Photo Caption: M.A. Ashraf Ali, Executive Director of Lulu Group International, hands over the investment MoU to Minister P. Rajeeve at the Invest Kerala Global Summit 2025.