Karuturi eyes $150M fundraise for Africa push
- VC Circle
- 07 July 2010
Private equity firms like Rabo Equity Advisors and IL&FS Investment Managers may be in talks with Karuturi.
Private equity firms like Rabo Equity Advisors and IL&FS Investment Managers may be in talks with Karuturi.
Participants denounced land grabbing and agreed to co-ordinate their efforts globally to campaign to STOP the irresponsible greedy practice by the transnational conglomerates.
Dr S. Ayyappan, Director-General of the Indian Council for Agricultural Research (ICAR), calls on Indians to rent farmland in Ethiopia to produce pulses for export to India.
The Addis government shows scant regard for the potential local impact of massive Indian investment in floriculture and biofuels.
Sai R Karuturi, founder and MD of Karuturi Global, says the company has acquired a very large piece of land in Ethiopia and has started agricultural production from it.
Indian tea companies, among others, are making a beeline to acquire estates in Africa. And the government is facilitating their hunt for good deals.
"Personally, I believe that in five years or in ten years time I would like to be seen and compared with peers such as Cargill or the Archer Daniels of the world or the Bunges of the world."
This one-day multidisciplinary workshop will examine the scale of the problem and the environmental degradation, economic, social and health problems facing the Oromo people as the result of the farmland wholesale to foreign investors and will aim to formulate a consensus on how to mitigate its burden on the Oromo people.
La corsa alle terre d’Etiopia è il fenomeno che coinvolge tutta l’Africa.
"Agricultural lands being leased by Saudis have been increasing by the day in Ethiopia," Ethiopian Consul General Tekleab Kebede says.
Con una dozzina di grandi laghi, altrettanti corsi d’acqua principali e oltre 3,5 milioni di ettari di terra irrigata, l’Etiopia è il «sogno blu» per gli investitori dell’arido Golfo arabo.
Contract covers the lease of 27,000 ha in the Regional State of Gambela for a period of 25 years, with option for renewal.