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Lulu Group targets to up agri sourcing from India to Rs 15,000 crore in two years, states CMD, ET Retail

.UAE-headquartered merchant Doozy Group is seeking to boost the quantum of Indian agri purchases to Rs 15,000 crore in the following pair of years as it increases its own system globally, a top firm representative mentioned on Tuesday. Its leader and handling supervisor M A Yusuff Ali said to reporters that the provider prepares to have an exclusive focus on the natural excellent purchase as well as finds the value of such goods rising to Rs 2,000 crore in a year. "Regarding Rs 10,000 crore imports (of agri items) we are actually performing annually. Our company are actually aiming to increase it to Rs 15,000 crore within pair of years given that our team are additionally extending our impact in lots of countries," he claimed. The imports predominantly feature items like fruits, vegetables, rice, herbal tea, sugar, spice as well as millets, he stated, pointing out that the fruit and vegetables goes to the Gulf Teamwork Council (GCC) countries and also other far-east nations. Ali stated his group has actually combined the Indian government-promoted Agricultural and also Processed Food Products Export Progression Authority to raise the allotment of natural item procurements. The provider is hoping to import up to Rs 2,000 crore of all natural fruit and vegetables coming from the country in a year initially and take it as much as Rs 4,000 crore the following year, he said. The UAE-based team is hoping to tie up with groups of farmer producers in smaller villages too, he added. The company is actually putting in Rs five hundred crore to establish a logistic center, featuring freezer in Noida, and strives to appoint it in the following two-three months. Likewise, a food items vegetation in Kashmir is actually additionally "almost comprehensive" as well as are going to be commenced in 2-3 months, he said. Ali declined comment when inquired about his views on policies regulating multibrand retail in the nation. On the other hand, a resource in the group claimed it is actually considering Maharashtra's winter months principal city Nagpur to have a mall. The team has inaugurated or even remains in the process of property centers in cities including Coimbatore, Lucknow, Calicut, Ahmedabad, and so on.
Published On Sep 11, 2024 at 08:11 AM IST.




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