Yusaffali MA, 61, said the recognition for his Birmingham-based Y International (UK) Ltd will spur his Abu Dhabi headquartered Lulu Group International to further expand business interests in the UK.
"I am extremely honoured and proud to hear the news aboutY International UK Ltd being 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 UK and continue with our innovations and contributions to the dynamic economy of UK," the Kerala-born, UAE-based entrepreneur said in a statement.
"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 bigger variety of products. The planned investment would be to the tune of 36 million pounds (Rs 300 crores)," Yusuffali said.
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The awards are open to nominations and selected based on the recommendation of Downing Street and published in the official London Gazette.
All entries are subject to auditing and scrutiny by over 30 UK government agencies before being included in the roll of honour.
Y International (UK) Limited, Birmingham, listed in the Gazette as an international distributor of grocery products, perishables products and non-foods products, was chosen in the international trade category.
The 6.9-billion-dollar Lulu Group, ranked as a top retailer in the MENA region and listed among the top 50 fastest growing retailers in the world by Deloitte, has made UK headlines 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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