Lulu Group aiming to up agri sourcing from India to Rs 15,000 cr in 2 yrs

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Lulu Group aiming to up agri sourcing from India to Rs 15,000 cr in 2 yrs - Business Standard

Quick Summary:

UAE-headquartered retailer Lulu Group is looking to increase the quantum of Indian agri procurements to Rs 15,000 crore in the next two years as it expands its network globally, a top company official said on Tuesday.

Its Chairman and Managing Director M A Yusuff Ali told reporters that the company plans to have a special focus on the organic good procurement and sees the value of such goods going up to Rs 2,000 crore in a year.

The imports primarily include commodities such as fruits, vegetables, rice, tea, sugar, spice and millets, he said, pointing out that the produce goes to the Gulf Cooperation Council (GCC) countries and other far-east countries.