Kerala just got a ₹10,000 crore boost! UAE-based Lulu Group and Sharaf Group have announced massive investments, each pumping ₹5,000 crore into the state. While Lulu Group is set to expand its footprint in retail, IT, and food processing, Sharaf Group is focusing on logistics and two dry ports to improve supply chain infrastructure.
Why Kerala?
The sudden influx of big money isn’t a coincidence. Kerala has been aggressively improving its ease of doing business, making it a lucrative destination for investors. With streamlined approvals and business-friendly policies, the state is finally getting noticed by global giants.
Lulu’s Retail & IT Expansion
Lulu Group, a household name in the Middle East and India, is doubling down on its hypermarket empire, while also venturing deeper into technology and food processing—a move that could generate thousands of new jobs in the state.
Sharaf Group’s Big Logistics Push
Meanwhile, Sharaf Group has its eyes set on logistics, aiming to set up two dry ports that could revolutionize cargo movement in Kerala. The investment is expected to ease transportation bottlenecks and strengthen export capabilities.
The Bigger Picture
While Kerala has historically struggled to attract large-scale investments due to bureaucratic hurdles, this massive investment signals a shift. With global players now showing interest, the state might just be entering its golden era of business expansion—finally!