Yusuff Ali’s LuLu to invest Rs 10,000 crore in India over 3 years to complete ongoing projects

News Network
June 26, 2023

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Hyderabad, June 26: UAE-based Lulu Group will be investing Rs 10,000 crore in India on various ongoing projects over the next three years and the UAE-based conglomerate has invested over Rs 20,000 crore in the country, Lulu Chairman Yusuff Ali MA said here on Monday.

He also said his aim is to provide employment to 50,000 people in India and so far his various enterprises have given over 22,000 jobs.

Yusuff Ali also said the Lulu Group has committed about Rs 3,500 crore in investments in Telangana in the next five years in various projects including a Destination Shopping Malls (Rs 3,000 crore) here and also in other cities in the state.

"We have got an investment of more than Rs 20,000 crore in different areas including shopping malls, hotels, and food processing units (in India). We will increase this," he said.

"We have started the construction of a shopping mall in Ahmedabad. And also another one in Chennai we are coming up. A food processing plant is coming up in Noida and another one in Telangana. It is Rs 10,000 crore investments in the next three years," Yusuff Ali said when asked about the overall investments on the upcoming projects.

He further said Prime Minister Narendra Modi has liberalised NRI investment laws and according to that all investments by non-resident Indians are treated as domestic investments.

He said a five lakh sq ft Lulu Mall built with an investment of Rs 300 crore here will be inaugurated in August and an export-oriented modern integrated meat processing plant and state-of-the-art Destination Mall (2.2 million sq ft) will also come up.

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News Network
October 27,2024

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The Israeli regime’s forces have carried out intense bombing raids against six buildings in the city of Beit Lahia in northern Gaza Strip, killing at least 45 people.

Dozens more were also wounded after the raids targeted the structures, including a house belonging to a Palestinian family named as Abu Shidiq, on Saturday.

The attacks came as the severity of the regime’s aggression has forced the Palestinian Civil Defense to cease its activities in the northern side of the coastal sliver, leaving civilians there to their own devices.

Commenting on the situation, Director-General of the Gaza Health Ministry, Medhat Abbas said more than 900 Palestinians had been killed over the past weeks during the Israeli campaign that has targeted the northern areas.

Kamal Adwan Hospital, the last functioning hospital in the north, has been a special focus of the campaign that has either killed all of the facility’s doctors or forced them to flee, with the exception of three physicians, who remain there, he added.

“The occupation is committing genocide by destroying the health system in Gaza,” Abbas noted.

The regime embarked on implementing a so-called “Generals’ Plan” in northern Gaza earlier in the month, deploying hundreds of military vehicles and thousands of forces with immense firepower towards its realization.

The plan seeks to tighten the regime’s siege against the areas, cut off humanitarian aid to hundreds of thousands of Palestinians inside, and label those who remain there as combatants so it could target and kill them after declaring the areas "closed military zones.”

The plan is part of a genocidal war that the regime launched against the Gaza Strip last October, during which it has killed more than 42,924 Palestinians, mostly women and children, and wounded another 100,833.

Also on Saturday, the Council on American Islamic Relations (CAIR), a civil rights group, called on the United States, the regime’s biggest supporter, to stop the “systematic extermination of an entire population” in Gaza.

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News Network
October 27,2024

Mangaluru, Oct 27: Dakshina Kannada MP Captain Brijesh Chowta has been appointed to the consultative committee of the Ministry of Defence. 

This esteemed committee, led by Union Defence Minister Rajnath Singh and Minister of State for Defence Sanjay Seth, comprises 14 members from the Lok Sabha, six from the Rajya Sabha, and two nominated members. 

Capt. Chowta is among the 14 members selected from the Lok Sabha to represent the voice of the people in this critical sector.

The committee is tasked with providing expert advice to the government on key defence policies, implementation strategies, and national security matters.

Meetings will be held regularly to ensure informed, timely guidance on these crucial issues, according to a press release from MP Chowta's office.

“With our country making strides towards self-reliance in defence under the leadership of Prime Minister Narendra Modi, it’s an honour to serve as a member of the Ministry of Defence Advisory Committee. As both a soldier and a parliamentarian, this role is a true privilege,” expressed Capt. Chowta.

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News Network
October 25,2024

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A substantial wave of Israeli settlers is migrating to Cyprus, fueling concern over what analysts are calling a “silent occupation” as Israeli buyers snap up properties across the island. Following Israel’s recent military offensives in Gaza and Lebanon, thousands of Israelis have reportedly relocated, seeking real estate and creating enclaves of secretive luxury resorts that cater exclusively to affluent settlers. This shift represents the third major wave of Israeli migration to Cyprus, driven by a mix of war fallout, economic pressures, and Israel's internal political unrest.

Dimitri Lascaris, an investigative journalist and activist, reports on the rapid real estate acquisition in Cyprus, revealing that Israelis have been “buying anything in sight” amid the recent regional crises. He warns of an underlying agenda, stating that Cyprus has historically been viewed by Zionist ideologues as a potential site for a Jewish settlement due to its proximity to Israel and suitability for European-style development. Lascaris draws a link to early Zionist ambitions for Cyprus, recalling the Third Zionist Congress of 1899 when David Trietsch and Theodor Herzl both championed Cyprus as a base for Jewish settlement—a precursor to claiming Israel itself by force.

This migration, which has swelled Cyprus’s Israeli community from 6,500 in 2018 to over 12,000 by April 2024, has sparked an influx of 250-300 Israelis monthly. This quiet but steady stream has led to a larger presence of Israelis in Cyprus, with many pursuing strategic real estate purchases despite legal restrictions. Under Cypriot law, foreign entities can only acquire 500 square meters of land. However, by registering as Northern Cyprus firms and securing at least 51% Turkish Cypriot ownership, Israeli companies can circumvent this rule, enabling them to buy extensive tracts of land.

Cyprus’s geopolitical position—close to Israel, with NATO membership and new gas reserves—amplifies the strategic importance of this quiet expansion. Additionally, the island hosts a significant UK military base at Akrotiri, which has served as a launch point for aircraft bound for Palestinian territories, further heightening the controversy around Israeli-Cypriot connections.

Economically, the high cost of living in Israel and divisive internal issues, such as Prime Minister Benjamin Netanyahu’s contentious judicial reforms, have also driven migration from the occupied lands. According to a Hebrew-language report by Maariv, the first seven months of 2024 saw an exodus of 40,000 Israeli settlers—nearly triple previous years’ numbers—primarily to Cyprus and other nearby regions.

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