Karuturi Agro Products Plc has refuted reports that the company subleased farm land to Indian farmers, claiming instead that the Indian farmers were hired solely for consultancy services.
For Gambellans who live as pastoralist and subsistence farmers, massive dispossession and auctioning off their land for pennies will inevitably destroy the very fabric of their society and way of life and threaten them with extinction.
Karuturi Global is looking at outsourcing 20,000 hectares of farm land in the African nation to Indian farmers on a revenue-sharing basis.
Obtaining millions of hectares for farming in Africa, Indian firms are playing predator.
Karuturi Global Ltd. is to construct embankments around 25,000ha of farmland, half the size of Addis Abeba, in Gambela, at a cost of US$15 million, following its report of a loss of US$15 million due to flooding.
The flooding that breached specially built barriers near Karuturi’s plantations couldn’t have been predicted, Karuturi claims.
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.
The bursting of the river banks of Baro and Alwero has resulted in the submergence of the crop, adding a loss of hope for producing a sizeable maize crop by Karuturi.
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.
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
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.