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Lulu Group Boosts India Imports to 35%
19 Jan
Summary
- Lulu Group aims to raise India's import share to 35% within two years.
- The retail giant sources ₹11,000 crore worth of goods annually from India.
- Lulu is enhancing its supply chain strategy amid global uncertainties.
Lulu Group International is strategically increasing its sourcing from India, targeting a 35% share of its global imports within two years, up from the current 26-27%. This initiative aims to bolster supply chain resilience and mitigate price fluctuations.
The Abu Dhabi-headquartered conglomerate sources approximately ₹11,000 crore worth of goods from India annually, with food items leading the imports. Lulu utilizes over 30 sourcing and food processing centers across India for agricultural produce, spices, FMCG, and textiles.
In response to geopolitical risks and inflation, Lulu Group is diversifying sourcing origins, enhancing visibility on volumes and pricing, and investing in logistics and private labels. The group is also exploring e-commerce partnerships in India, planning to launch hypermarket offerings via online aggregators by the first quarter of 2026.
