Lulu to invest Rs 350​ Cr​ to develop L&T Tech Park

Lulu to invest Rs 350​ Cr​ to develop L&T Tech Park

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Lulu Group has decided to invest Rs 350 crore to further develop the L&T Tech Park
Lulu Group has decided to invest Rs 350 crore to further develop the L&T Tech Park

Leveraging the IT growth and investment climate at Infopark here,  the Lulu Group has decided to invest Rs 350 crore to further develop the L&T Tech Park, which it recently acquired for Rs 150 crore. The group, owned by NRI businessman MA Yusuf Ali, had acquired the L&T Tech Park at Infopark campus.

Lulu is proposing a name change for L&T Tech Park as Lulu Tech Park Limited on Registrar of Companies approval. The project, on completion, is expected to create an additional employment of 13,000 to 15,000.

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