ADVANTAGE KARNATAKA
head of Isha Foundation Sadguru Vasudev on the state government’s initiatives for conservation of environment and soil fertility. Industries minister Murugesh Nirani, Education, IT, BT minister CN Ashwathnarayan, Additional Chief Secretary in the department of Industries Dr.EV Ramana Reddy, CM’s Principal Secretary N Manjunatha Prasad and Commissioner in the department of Industries Gunjan Krishna were part of the Karnataka delegation.
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LuLu Group to invest Rs 2,000 cr in Karnataka; will set up four malls
uLu group, the biggest retailer in the Middle East region, will open four shopping malls and hypermarkets in Karnataka, mainly in tier-2 cities, with an investment of Rs 2,000 crore. An MoU was signed in this regard at Davos in the presence of Karnataka Chief Minister Basavaraj Bommai and Chairman of LuLu Group M A Yusuff Ali. Discussions were earlier held between teams led by Bommai and Yusuff Ali over the details of the investment. LuLu’s projects in Karnataka are expected to generate more than 10,000 employment opportunities. Apart from shopping malls and hypermarkets, export-oriented food stores will also come up in the state as part of the project. The agreement was signed by Additional Chief Secretary for Industries, Karnataka E V Ramana Reddy and LuLu Group Director A V Ananth Ram in the presence of Bommai and Yusuff Ali. Bommai led a delegation
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Karnataka Chief Minister Basavaraj S Bommai, Chairman of LuLu Group M A Yusuff Ali and Industries Minister Murugesh Nirani. from Karnataka to the World Economic Forum meeting at
Davos in Switzerland, where several other agreements were
also signed for investments in the southern Indian state.
