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UAE-India investment ties get a boost at Investopia Summit in Andhra Pradesh
Yusuffali M A reaffirmed Lulu Group’s investment plans in Andhra Pradesh, including a mega shopping mall in Visakhapatnam, a hypermarket, and a food processing hub in Vijayawada
- PUBLISHED: Fri 25 Jul 2025, 10:56 AM
The UAE-India economic partnership gained fresh momentum as the Investopia Global Investment Summit was held in Andhra Pradesh, highlighting new opportunities for collaboration in sectors such as logistics, food processing, seaports, shipbuilding, renewable energy, green energy, digital technology, and artificial intelligence.
The summit brought together key leaders and investors from both countries, including Abdulla bin Touq Al Marri, Minister of Economy; Yusuffali M A, chairman of Lulu Group; and Andhra Pradesh chief minister N Chandrababu Naidu, who hosted the summit and assured full support to UAE-based companies looking to invest in the state.
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AlMarri noted that India remains the UAE’s third-largest trading partner and emphasised that the two nations are deepening their economic engagement through focused, sustainable investments.
During the summit, Yusuffali M A reaffirmed the Lulu Group’s investment strategy, including the development of a mega shopping mall in Visakhapatnam, a food processing hub and hypermarket in Vijayawada, and additional hypermarkets across cities in Andhra Pradesh. These projects are expected to generate over 8,000 jobs, with the food processing center already nearing completion.
The chief minister stated that the state government would provide all necessary support to fast-track these investments. He also invited other UAE-based companies to explore opportunities in sectors such as shipbuilding, ports, logistics, space, and tourism.
"Lulu Group’s investments will help create jobs, support farmers, and strengthen the food export supply chain from Andhra Pradesh to the Gulf region," Naidu said.
Yusuffali added that the company aims to bring fruits and vegetables from Andhra Pradesh to its stores across the Middle East, giving local produce access to international markets.
