Karuturi in a statement said the floods had affected its maize crop in over 12,000 hectares of land that has been leased to them.
India-based company Karuturi Global Limited is planning to make an investment of $2.5 billion in farmland in Tanzania in the upcoming years.
Chief Minister of Madhya Pradesh's meetings with a delegation from Kenya, Karuturi and Ethiopia were focused on agriculture development and possible areas of work for mutual benefit.
The world's largest commodities trader Glencore International AG is evaluating a bid for KS Oils, a leading Indian edible oil firm that has recently been acquiring farmland in Indonesia
Indian companies acquire land in Africa at throw away prices to ensure India's food security. Prof Jayati Ghosh analyses the issue and offers alternative solutions.
Indian companies are looking at agricultural outsourcing by opting for cheaper options in neighbouring countries so as to produce things at less cost, making this sector lucrative to the PE firms
AN extraordinary new process has been at work in the past few years: the aggressive entry of Indian corporations into the markets for agricultural land in Africa, writes Jayati Gosh
A plan to replace a large swathe of protected rainforest in Uganda with sugarcane could lead to further civil unrest in a year when nine people have been killed during strikes and protests against the rising cost of living.
En proposant d’injecter 2,5 milliards de dollars (1,7 milliard d’euros) dans le secteur agricole du continent noir, les géants indiens de l’agroalimentaire s’apprêtent à battre le record des deals agricoles signés en Afrique au cours des cinquante dernières années.
Karuturi Global plans to plant 20,000 hectares of land with Sorghum, rice, maize, sunflower and soybeans in Bako area of Oromia regional state and Gambella regional state, by November 2011
As Indian businessmen bet on cash crops, it’s unclear whether food security issues are being tackled
The likelihood of Ethiopia facing stiff competition from Tanzania and Uganda in attracting investment from Indian agri-businesses reared its head during a visit from a 35 member delegation last week.