Lulu Group to open six shopping malls in Uttar Pradesh

Uttar Pradesh government has signed a memorandum of understanding (MoU) with retail giant Lulu Group to set up six shopping malls and one hotel in the state. Uttar Pradesh MSME minister Rakesh Sachan signed an agreement with the Lulu Group in Dubai to set up shopping malls and hotel. As per the MoU, Lulu will set up shopping malls and hypermarkets in Noida, Varanasi, Gorakhpur, Ayodhya, Kanpur, and Prayagraj with a total investment of Rs 4,500 cr. This is indeed a big business opportunity for the signage companies engaging in in-store branding, graphics and such tasks.