A high-level delegation from Sri Lanka headed by the State Minister of Money & Capital Market and State Enterprise Reforms, Ajith Nivard Cabraal, visited the LuLu regional headquarters Saturday.
Dr Mohamed Althaf, director of LuLu Group, welcomed Cabraal and his team and chaired the meeting.
Detailed discussions on boosting trade relations between LuLu Group and Sri Lanka were held during the visit. "Sri Lanka has a wide variety of fruits, vegetables and several other commodities. LuLu Group has long-standing business relations with Sri Lanka since the last two decades," the company said in a press statement.
LuLu Group had opened a new "world-class" sourcing, food processing and export unit in Sri Lanka in 2017 to further boost its sourcing operations and to bring in high-quality products for its large chain of hypermarkets. Situated ideally in the Katanayake Export Processing Zone near Colombo International Airport, the state-of-the-art facility primarily focuses on the sourcing, processing, storing, packaging and exporting of fruits, vegetables and commodities from Sri Lanka to various LuLu operations around the world, the statement notes.
It was in line with the Group’s ongoing strategy to set up its own sourcing and food processing units around the world to ensure uninterrupted supply and competitive pricing by eliminating middlemen.
LuLu Group has similar sourcing centres in 22 countries, including the UK, US, Spain, Turkey, China, Vietnam, Thailand, Kenya, Uganda and others.