Lulu Group Chairman MA Yusuff Ali has said that his name should not be dragged out in the controversy surrounding the privatization of the Thiruvananthapuram airport and that he has nothing to do with the issue. The decision to hand over the operation of the airport to the Adani Group was taken by the Central Government. He has nothing to do with the Kerala government’s stand against this. He has not applied for the airport. MA Yusuff Ali told a news conference in Zoom that he did not understand the logic of dragging his name into the ongoing Central-Kerala dispute over the issue.
The operation of other major airports in India recognizes the need for private participation in airport development and modernization. I want Thiruvananthapuram to grow in the same way. CIAL, which owns Nedumbassery Airport, has 19,600 shareholders, including himself. 8,000 shareholders in Kannur. Anyone can still buy shares there. Yusuff Ali said he still does not understand the logic of dragging himself into the controversy. Now the Center has decided in Thiruvananthapuram. Favors it. In response to a question, Yusuff Ali said he would comment if a different decision was made.
Hyatt five star hotel Lulu Group is building the largest shopping mall in Thiruvananthapuram with all the amenities. Lulu is making a big investment in Thiruvananthapuram. His position has always been that there should be a political consensus on development. Despite the crisis created by COVID, it is hoped that trade in the Gulf will rapidly recover. Lulu Group will supply 1000 tonnes of vegetables and fruits to the Gulf market during Onam.