CURRENT AFFAIRS

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

How many crores UAE based Lulu group inks MoU with Telangana to develop food processing industry?

A	2500
B	1500
C	1850
D	1950

Explanation:

Detailed explanation-1: -The Lulu Group has said it would invest ₹500 crore to set up a food processing factory in Telangana.

Detailed explanation-2: -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 crore.

Detailed explanation-3: -Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. A. Yusuff Ali (born 15 November 1955) is a UAE-based Indian businessman and billionaire. He is the Chairman and Managing Director of LuLu Group International, which owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall.

Detailed explanation-4: -Directors of Lulu Hypermarket Private Limited are Yusuffali Musaliam Veettil Abdul Kader, Muslim Veettil Abdul Kader Asharf Ali, Ashraf Mudakkodi Parambil Nishad and . Lulu Hypermarket Private Limited’s Corporate Identification Number is (CIN) U51909KL2006PTC020034 and its registration number is 20034.

There is 1 question to complete.