Signing of Investment Agreement in Karnataka at the World Economic Forum Conference

The agreement on investing in Karnataka was signed with AV Anantha Raman, Director of Lulu Group International, at the World Economic Forum conference in Davos, Switzerland today.

Industry Minister Murugesh Nirani was also present. The Lulu Group, which is investing, intends to set up 4 shopping malls and hypermarkets as well as export oriented food outlets. This is expected to create more than 10,000 jobs.

The Lulu Group is estimated to be around Rs. Ahead of the investment is the establishment of 4 shopping malls and hypermarkets as well as export oriented food outlets.