A Memorandum of Understanding (MoU) was signed between the Tamil Nadu government and LuLu Group in the presence of Chief Minister M.K. Stalin in Abu Dhabi to implement three major projects in the State at a total investment of ₹3,500 crore.
While two malls are to come up at a total investment of ₹2,500 crore, a food processing project is to be implemented at an investment of ₹1,000 crore, an official release from the Tamil Nadu government issued in Chennai said. About 5,000 people are expected to get employment in these projects. The MoU was signed in LuLu Group Chairman and Managing Director Yusuff Ali’s residence in Abu Dhabi.
Industries Minister Thangam Thennarasu and senior officials of the State government were also present on the occasion. Earlier in the day, Mr. Stalin and his officials held discussions with senior officials of leading companies in Emirates Palace in Mubadala Tower in Abu Dhabi.
