Indian businessman’s food processing firm in the United Kingdom has won the prestigious Queen’s Enterprise Award 2017 for its outstanding contribution to the country’s trade, industry and economy.
61-year-old Yusaffali MA said that the recognition for this Birmingham based Y International Ltd will spur his UAE headquartered Lulu Group International to further expand business interest in the United Kingdom.
"I am extremely honored and proud to hear the news about Y International UK Ltd been selected for the prestigious Queen's Award this year. This great recognition will surely help us further strengthen our plans to expand business interests in the UK and continue with our innovations and contributions to the dynamic economy of the UK," the Kerala-born, UAE-based entrepreneur said in a statement.
The food processing plant employs 300 local staff. It was established in Birmingham in 2013to source and process food products from the United Kingdom to support the demand for high-quality British products for sale in Lulu Group’s hypermarkets across the Middle East, India and Far East.
"We are in the process of setting up another world-class food processing plant in the 12.5 acres of land allotted by Birmingham City Council, to further boost our exports and cover a bigger variety of products. The planned investment would be to the tune of 36 million pounds," Yusuffali said.
The Queen's Award is conferred annually by Queen Elizabeth II on her birthday, April 21, upon firms that display great enterprise across the fields of innovation, international trade, promoting opportunity through social mobility and sustainable development.
The selections are based on the recommendation of Downing Street and published in the official London Gazette.
All the entries are subject to audit and scrutiny by over thirty United Kingdom agencies before being included in the roll of honor.
The Y International Limited is listed as an international distributor of grocery products, perishables products and non-foods products, was chosen in the international trade category.
The winners of the 2017 awards will be invited to a special reception at Buckingham Palace later this year.
The Lulu group’s estimated worth is about $6.9 billion, it is ranked as a top retailer in the MENA region and listed among the50 fastest growing retailers in the world by Deloitte. The company made headlines in the United Kingdom in recent years for acquiring the iconic Scotland Yard building in London and for its investment in luxury retail brand East India Company.
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